Eurozone debt crisis worsens

Italy's parliament rushes to pass an austerity budget as the euro continues to take a battering.



    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


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    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.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.