Italy's newest and youngest prime minister won Tuesday's final parliamentary confidence vote by a comfortable margin.<br/> <br />The outcome was no surprise but it fully empowers Matteo Renzi's coalition following his promises to slash red tape and revolutionise the economy.<br/> <br />Speaking ahead of the vote Renzi pledged radical steps but gave little detail.<br/> <br />In a later tv address he did give more away.<br/> <br />He's promising moves to pay off public administration arrears within 15 days.<br/> <br />He also said a 10 billion euro cut in the difference between what an employer pays and an employee takes home could come through reductions in social contribution.<br/> <br />Before becoming prime minister Renzi called for leeway to allow Italy's budget deficit to go above the European Union ceiling of three per cent of output.<br/> <br />Since he took up the post he's shed no light on whether he still plans to pursue that idea.
