Monti faces final vote on austerity package

Italy's Senate is going to vote on €30 bn ($39 bn) emergency plan today. The package of measures include levy on primary homes, pension overhaul, curb on tax fraud, all proposals aimed at curtailing borrowing costs and persuading investors that Italy is working on reducing Euro Zone's second-biggest debt. Nevertheless, analysts warn the measures may throw Italy further in recession given slowing nation's growth.