Morning in brief: Italy approves Monti’s austerity plans, Merkel and Sarkozy meet today

The week starts with the leaders of France and Germany meeting to discuss the eurozone debt crisis, while Italy passes a raft of austerity measures.

Markets

Asian stockmarkets extend their largest weekly gain since August 2007 after Italy takes steps to reduce its debt, according to Bloomberg.

Companies

Figures from financial services recruitment firm Astbury Marsden show there are five qualified candidates for each job in the City – rising from 1.7 at the start of the year to its highest in two years, the BBC says.

International

German chancellor Angela Merkel and French president Nicolas Sarkozy will meet today to work on a lasting solution to the eurozone debt crisis, according to the Daily Telegraph.

The new Italian technocratic government, led by prime minister Mario Monti, approves a package of austerity measures and economic reforms designed to slash public debt, the Financial Times reports.

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