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Italy's Mass Protest: Tens Of Thousands Rally Against Cuts, Hikes, Reforms

Tens of thousands of Italian workers rallied in Rome on Saturday to protest pension cuts, tax hikes and labor reforms imposed by the government of Mario Monti and to demand more stable work, particularly for the young. The demonstration organized by Italy's main labor unions came a day after Monti's latest effort to stave off contagion from Europe's debt crisis. His Cabinet on Friday approved measures worth (EURO)80 billion ($100 billion) to spur economic growth, streamline the notoriously bloated public sector and lower the national debt.

Global "Day of Rage" mostly peaceful, Rome clears

The global "Day of Rage" against the world's financial system won some limited sympathy from political and economic leaders on Sunday, after protests that were peaceful everywhere but Italy.

Senh: That's how most protest should be - peaceful. Let's hope these protests will have positive effect on financial institutions and not just a blip on the map. It probably needs to be continuous and sustained in order for it to have lasting impact on the financial industry.

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