The Italian Senate has passed a series of austerity measures required in Europe on Friday as it seeks to ward off fears of a debt crisis engine.

The package was adopted by 156 votes to 12 votes against and one abstention. He had had only by those of the 320 senators, the vote was taken.

The lower house, the Chamber of Deputies is expected to discuss measures and vote Saturday.
» Read more: Italian Senate approves savings program

Policy makers have taken the wrong approach in the treatment of many problems facing the world economy, the debt to patch, while avoiding tough decisions, said Mohamed El-Erian, Pimco.

“We serve all the balls evil,” said co-CEO of the largest pension fund in the world CNBC. “We want to try to throw money at the problem. The problem is not money, the problem is that what we have are structural barriers and structural problems require structural solutions.
» Read more: El-Erian: Stall Speed ??Economy Hit With Debt

In stock-index futures above an opening on Wall Street on Friday has with futures for the S & P 500 by 0.6 percent, Dow Jones futures up 0.4 percent and the Nasdaq 100 up period to 0.7 percent at 0924 GMT (4:24 ET).

European stocks rose by 0.6 percent in trading in the morning, led by shares of banks in the euro zone, such as BNP Paribas and UniCredit could, rising expectations of the political developments in Greece and Italy, to pave the way for austerity measures to be crucial for the euro zone debt crisis contained in two years.
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