Rome

Berlusconi wants tax breaks, loans for young entrepreneurs

'No taxes, more financing during first five years of business'

Berlusconi wants tax breaks, loans for young entrepreneurs

Rome, February 7 - Ex-premier Silvio Berlusconi proposed generous tax breaks and financing for young people in Italy who want to start a business or buy a house. Speaking to state broadcaster Rai Webradio, the media mogul proposed offering Italian youth "a tax waiver for the first five years of operating a new business" and "a loan to start a business or buy a house using a special Treasury fund to back up the banks". Berlusconi's center-right coalition is roughly five points behind the leading center-left coalition headed by Pier Luigi Bersani. His campaign promise comes as well over a third of Italians aged 15 to 24 are out of work. Elections are February 23 and 24.

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