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


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