Italy

Analysis Brief

Italy and the Future of the Eurozone

Author: Christopher Alessi

New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.

See more in Italy; Financial Crises; EU

Analysis Brief

Italian Debt Clouds over Europe

Author: Christopher Alessi

Despite a pledge by Prime Minister Silvio Berlusconi to resign, Italy faces pressure to address its sovereign debt burden by quickly implementing austerity measures or risk a new magnitude of eurozone contagion.

See more in Italy; Financial Crises

Interview

Political Ripples of EU's Sovereign Debt Crisis

Franco Pavoncello interviewed by Christopher Alessi

Eurozone leaders meeting for tomorrow's summit are unnecessarily worried about contagion to Italy, but a growing sovereign debt crisis highlights the role of politics in the markets and the need to find common, EU-wide solutions, says expert Franco Pavoncello.

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Audio

A Conversation with Tommaso Padoa-Schioppa (Audio)

Speaker: Tommaso Padoa-Schioppa
Presider: Jacob A. Frenkel

Listen to Tommaso Padoa-Schioppa, Italian minister of economy and finance, discuss the European Central Bank, global imbalances, and the regulation of financial markets as part of the Council's C. Peter McColough Series on International Economics.

See more in International Finance; Italy

Backgrounder

Italy Election Preview

Author: Alexandra Silver

Italians will head to the polls for parliamentary elections on April 9 and 10 to determine whether Italy's Prime Minister Silvio Berlusconi or challenger Romano Prodi and his center-left coalition will win the tight race.

See more in Italy; Elections