News Headline Summary

Italy's government wins confidence vote on budget at Senate

- The government won the vote with 199 votes to 55, with 10 abstentions.
- The bill now goes to the Chamber of Deputies for final vote.

Update details:

- The next step will be for the bill to pass in the Italian upper chambers either this afternoon or tomorrow morning. As a reminder the Italian PM Monti said he would resign once the bill is passed.

Reaction details:

- No reaction across the Euro assets as this was in-fitting with market expectations.

Print 12:17, 20 Dec 2012 - Economic commentary - Source: Newswires