Italy plans to sell properties to tackle debt | News | Al Jazeera

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


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