In this picture taken Tuesday, Nov. 29, 2011, Italian Premier Mario Monti talks to journalistas at Chigi Palace, Premier's office, in Rome. Monti briefed political leaders Saturday, Dec. 3, 2011, on his package of austerity and economic growth measures ahead of a critical week of Italian and European decision-making to confront the continent's debt crisis. Politicians gave few details about the individual measures Monti outlined, but described them as "severe'' but necessary since Italy had put off tough economic reforms for too long. (AP Photo/Mauro Scrobogna, LaPresse) ITALY OUT
In this picture taken Tuesday, Nov. 29, 2011, Italian Premier Mario Monti talks to journalistas at Chigi Palace, Premier's office, in Rome. Monti briefed political leaders Saturday, Dec. 3, 2011, on his package of austerity and economic growth measures ahead of a critical week of Italian and European decision-making to confront the continent's debt crisis. Politicians gave few details about the individual measures Monti outlined, but described them as "severe'' but necessary since Italy had put off tough economic reforms for too long. (AP Photo/Mauro Scrobogna, LaPresse) ITALY OUT
ROME (AP) ? Premier Mario Monti said Sunday that his government of technocrats has approved a package of austerity and growth measures to "reawaken" the Italian economy and help save the euro common currency from collapse.
The measures include immediate cuts to the costs of maintaining Italy's bulky political class as well as significant measures to fight tax evasion, Monti told a news conference following a three-hour Cabinet meeting.
As part of the political cost cuts, Monti said he would forego his salary as premiere.
The package also includes measures to spur growth and competition, while aiming to stamp out rampant nepotism.
"We gave a lot of weight to fairness, we had to distribute some of the sacrifices but we took a lot of care to distribute them in a fair way," Monti said.
Monti will outline the measures on Monday to Parliament, which must approve them.
The premier spent the weekend briefing political parties, unions, business groups, consumer lobbies and others.
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