Italy Location : Southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia
Capital City : Rome
Curreny : euro (EUR); Italian lira (ITL) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Languages Spoken : Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area)
Climate : predominantly Mediterranean; Alpine in far north; hot, dry in south
National Holiday : Republic Day, 2 June (1946)
Background Information
Italy became a nation-state in 1861 when the city-states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His disastrous alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy was a charter member of NATO and the European Economic Community (EEC). It has been at the forefront of European economic and political unification, joining the European Monetary Union in 1999. Persistent problems include illegal immigration, the ravages of organized crime, corruption, high unemployment, and the low incomes and technical standards of southern Italy compared with the prosperous north.
Geographical Note
strategic location dominating central Mediterranean as well as southern sea and air approaches to Western Europe
Economy
Italy has a diversified industrial economy with roughly the same total and per capita output as France and the UK. This capitalistic economy remains divided into a developed industrial north, dominated by private companies, and a less developed agricultural south, with 20% unemployment. Most raw materials needed by industry and more than 75% of energy requirements are imported. Over the past decade, Italy has pursued a tight fiscal policy in order to meet the requirements of the Economic and Monetary Unions and has benefited from lower interest and inflation rates. Italy's economic performance has lagged behind that of its EU partners, and the current government has enacted numerous short-term reforms aimed at improving competitiveness and long-term growth. Rome has moved slowly, however, on implementing needed structural reforms, such as lightening the high tax burden and overhauling Italy's rigid labor market and expensive pension system, because of the current economic slowdown and opposition from labor unions.
Religions
predominately Roman Catholic with mature Protestant and Jewish communities and a growing Muslim immigrant community
Ports : Augusta (Sicily), Bagnoli, Bari, Brindisi, Gela, Genoa, La Spezia, Livorno, Milazzo, Naples, Porto Foxi, Porto Torres (Sardinia), Salerno, Savona, Taranto, Trieste, Venice (2001)
International Disputes - Risks to travellers
: Croatia and Italy are still trying to resolve bilateral property and ethnic minority rights dating from World War II
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