Italy plans to sell properties to tackle debt

Fifteenth century castle and Venetian island among items up for sale in bid to relieve country's $2.5b debt.

    Italy's public debt hit a record $2.5b in April, making it the second highest debt in Europe.

    In a bid to tackle the problem, the Italian government is planning to sell off some of its prime properties.

    A fifteenth century castle, an old army barracks, and a Venetian island are some of the items up for sale. 

    Al Jazeera's Claudio Lavanga reports from Venice.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The peace games: Dreaming big for South Sudan's youth

    The peace games: Dreaming big for South Sudan's youth

    A relatively new independence and fresh waves of conflict inspire a South Sudanese refugee to build antiwar video games.