Italy's new PM Mario Monti has outlined plans to tackle the country's economic crises and reduce its debt, amid protests of student continue in many cities.
The former EU commissioner said austerity measures would be balanced by economic growth and social fairness.
"The future of the euro also depends on what Italy will take step in the coming few weeks," he told senators in Rome.
Meanwhile, police in Milan clashed with protesters heading for a university chaired by Mr Monti.
Mr Monti formed his cabinet, made up of business leaders and other experts, after the centre-right government of Silvio Berlusconi resign previous week under market pressure.
The Senate will hold a confidence vote on the new government on Thursday evening.
On Thursday, French and Spanish borrowing costs increase as the difference in interest rates between their bonds and those of Germany also hit a record.
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