Prime Minister Matteo Renzis: The package, dubbed the competitiveness decree when it was presented by Prime Minister Matteo Renzis government in June, got a lukewarm reception from business leaders who said it lacked a clear strategy and failed to address the real needs of industry, according to Euro News. The package underwent numerous changes during a difficult passage through parliament and finally passed by 155 votes to 27 in a confidence vote in the senate as the government tries to rush through legislation before the summer recess and Reuters Italys parliament gave final approval late on Thursday to a package of support measures for the ailing economy, including a cut in energy costs for small companies and measures to spur lending to businesses. Renzi is under growing pressure to take more decisive steps to overhaul the euro zones third-biggest economy after data this week showed it fell back into recession in the second quarter.
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