Italy’s enormous public debt continues to grow at an unrelenting pace. The Bank of Italy announced on Monday that the country’s debt hit a record 2.1072 trillion euros in February, over 17 billion euros up compared to January. Within the 18-nation eurozone, only Greece had accumulated a higher overall debt mountain. Italy’s 2014 budget has been criticized by the European Commission... 

Violence broke out between police and demonstrators in Rome on Saturday as tens of thousands took to the streets to protest Italy’s new budget. “We are laying siege to the city!” chanted the crowd, as a small minority pelted the police and government buildings with water bottles and eggs. A group of protesters turned over garbage bins and set some of them on fire in front of the Economy Ministry. Police... 

Demonstrators dressed to represent prisoners, hold chains and a mock cannonball during a protest against the reforms by the Italian government in downtown Rome, October 18, 2013. Thousands of Italian civil servants and transport workers have gone on strike in the capital Rome and other cities to protest against austerity measures enforced by the government. Friday strike, which disrupted urban transportation,... 

A package of measures proposed by the Italian government aimed at improving its struggling economy has received final approval by the country’s parliament. The package, approved on Friday, includes measures aimed at reorganizing financial resources, limiting bureaucracy, and improving the country’s civil justice system. The package prioritizes infrastructure by allocating some 3 billion euros... 

Italian students protesting against austerity measures Tens of thousands of workers and jobless people have taken part in a rally in the Italian capital, Rome, in protest against the country’s rising unemployment rate and unfair taxes. Italy’s three largest labor union confederations, the CGIL, CISL, and the UIL, organized the Saturday rally. The protesters slammed the government of Prime Minister... 

Italy’s new Prime Minister Enrico Letta delivers his speech at the parliament in Rome on April 29, 2013. Italy’s new Prime Minister Enrico Letta says the coalition government will pursue growth policies to reverse an austerity drive which is killing Italy. The remarks were made on Monday during Letta’s inaugural speech to parliament. “Italy is dying from austerity alone. Growth policies...