Eurozone debt crisis worsens
Italy’s parliament rushes to pass an austerity budget as the euro continues to take a battering.
Published On 13 Jul 2011
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