Brazil opts for heftier budget freeze to meet fiscal goal
BRASILIA, March 29 The Brazilian government on Wednesday announced a larger-than-expected spending freeze while opting for smaller tax breaks to meet its fiscal deficit goal.
ROME, April 2 Italy's centre-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over and a new phase had begun, after his failure to gather enough support to win a confidence vote.
"My task has been ended in this new phase," Bersani told reporters, after President Giorgio Napolitano summoned a special group of 10 "wise men" to propose a basic set of reforms to be backed by all parties.
Party officials had previously refused to concede that Bersani's bid to form a government was definitively over.
* B&G Foods announces pricing of public offering of senior notes