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The Italian cash for clunkers program was supposed to last until the end of 2009. However, there were voices that called for the extension of the program. Once such voice was Sergio Marchione, the CEO of Fiat, who said that there could be "severe social consequences" if the program was suddendly finished. Presto, the Italian Government has now decided to extend the program by 100,000 more vehicles or €2 billion, whichever is reached first. The program offers a tax break of €1,500 to bu

France and Germany are already giving money to their citizens if they scrap an old clanker to buy a new, fuel-efficient car. It's time now for Italy to do the same. The government, led by Silvio Berlusconi, has decided to offer a €1,500 tax cut for those who purchase a new car and scrap one which is at least 10 years old. The official reason is, of course, to protect the environment, since any car older than 10 years is likely to be more polluting than a modern one. Of course, this might al