Getting your player ready...
The austerity plan devised by Italy’s new government won wide-ranging support Thursday, with both U.S. Treasury Secretary Timothy Geithner and the European Central Bank chief saying it would help the debt-strapped nation move in the right direction.
The Fitch Ratings agency also said Premier Mario Monti’s plan, which includes new taxes, spending cuts and growth measures, has strengthened the credibility of Italy’s attempts to balance its budget by 2013 and eased some pressure on the country’s beleaguered credit rating.
