Italians Fear Following Greece Into Debt Crisis

by Sylvia Poggioli, NPR

The Italian government says Italy is suffering financial woes similar to those of other southern European countries. It plans spending cuts of nearly $30 billion over the next two years. The news came as a shock to Italians because until recently, Prime Minister Berlusconi insisted that Italy had escaped the worst effects of the global economic crisis.

Broadcast Dates

• Morning Edition, May 24, 2010