Weak Italian Economy Under Attack

August 03, 2011 from Al Jazeera English

Europe's third-biggest economy is being hunted by the money markets, threatening the viability of the entire Eurozone. But Italy's debt crisis struggle comes at a time when most of Europe's politicians are unable to help - because they're on vacation. Al Jazeera's Laurence Lee reports.

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Italy

Italy, officially the Italian Republic, is a unitary parliamentary republic in Southern Europe. To the north, it borders France, Switzerland, Austria, and Slovenia along the Alps. To the south, it consists of the entirety of the Italian Peninsula, Sicily, Sardinia–the two larg... Explore this topic

Eurozone

The eurozone, officially called the euro area, is an economic and monetary union of 17 European Union member states that have adopted the euro as their common currency and sole legal tender. The eurozone currently consists of Austria, Belgium, Cyprus, Estonia, Finland, France,... Explore this topic

European sovereign debt crisis

The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties. In 1992, members of the European Union signed th... Explore this topic

Money market

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in the money markets is done over the counter and is wholesa... Explore this topic

Silvio Berlusconi

Silvio Berlusconi is an Italian politician, entrepreneur, media proprietor, and Prime Minister of Italy (President of the Council of Ministers of Italy), a position he has held three times. He is the leader of the Forza Italia political movement, a centre-right party he founde... Explore this topic

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways conn... Explore this topic

Debt

A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. A debt is... Explore this topic

Politics of Italy

The politics of Italy is conducted through a parliamentary, democratic republic with a multi-party system. Executive power is exercised collectively by the Council of Ministers, which is led by the President of the Council of Ministers, referred to as "Presidente del Consiglio... Explore this topic

Al Jazeera English

Al Jazeera English is an international 24-hour English-language news and current affairs TV channel headquartered in Doha, Qatar. It is the sister channel of the Arabic-language Al Jazeera. The station broadcasts news features and analysis, documentaries, live debates, current... Explore this topic

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Italy

Eurozone

European sovereign debt crisis

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