Economic Crisis Spreading to Italy
Italian flag (photo: bupowski/Flickr)
The debt crisis that’s gripping the small economies of Greece, Ireland, and Portugal could be spreading to Italy. Italian government bonds and stocks fell sharply Monday. That continued their plunge from Friday. German Chancellor Angela Merkel said that Italy needs to send an important signal by approving an austerity budget. Host Marco Werman gets an update on Italy’s economic woes from the BBC’s Andrew Walker.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!