Italy and Spain have started their battle against increasing debt crisis. To lead their battle, both the countries have issued some new austerity measures, which according to them, would be serving best to make them win this fight.

Moreover, the upper house of Italy's parliament has also introduced a new austerity package, according to which, the country would be cutting its deficit figures by approximately $70bn i. e. 54bn Euros in the period of next three years.

On the other hand, Spain's Senate approved and passed a constitutional agreement, which could enable the country to maintain its future budget deficits and its figures under a strict limit.

Not all are favoring these new austerity measures of the governments because protests have been cited in Italy and Spain, which continued till a day of action.

The above measures got an approval vote of 165-41 by the Italian Senate and it is only after receiving these confident votes that the government decided to speed its adopted measures and the strategies to control the seriousness of the international financial crisis and its severity.

Now the voting control is primarily in hands of the lower Chamber of Deputies, votes of who on the measures will conclude all the further actions. Italian Prime Minister Mr. Silvio Berlusconi also has a majority hold in this voting line.