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Europe
Eurozone debt crisis worsens
Italy's parliament rushes to pass an austerity budget as the euro continues to take a battering.
Last Modified: 13 Jul 2011 20:37


Italy is rushing to pass an austerity budget as the international money markets become increasingly nervous about the country's debt.

The euro has taken a battering over the past few days as the problems faced by Greece, Portugal and Ireland appear to the markets to be spreading.

Italy's parliament has said it will pass a round of spending cuts and tax hikes by Friday.

Al Jazeera's Alan Fisher reports.

Source:
Al Jazeera
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