Italy

Monti and Berlusconi Clash Over Taxes

Italian election six weeks away

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Italian Prime Minister Mario Monti and one of his challengers in next month's elections, Silvio Berlusconi, sparred over the government's unpopular property tax and economic policy in a weekend media blitz.

Monti signaled that the property tax known as IMU could be restructured, while Berlusconi renewed a pledge to eliminate the levy on the purchase of a first home, a move that would mean a revenue shortfall of more than 3 billion euros ($3.9 billion).