Italians prepare for austerity

Ordinary Italian citizens are bracing themselves as spending cuts appear increasingly inevitable.

Italian Prime Minister Silvio Berlusconi has promised to resign once austerity measures are put in place.

The government has been slow to take dramatic action on the economy, a reluctance which has led to the current crisis.

The political uncertainty and fears about the country’s debt is pushing its borrowing costs to record highs – leading to more concerns about the economy.

Al Jazeera’s Tania Page reports from Rome on how plans to tackle the country’s debt are affecting those who’ll pay for it.

Source : Al Jazeera

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