Italians prepare for austerity

Al Jazeera English 2012-07-26

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Italian Prime Minister Silvio Berlusconi has promised to resign once austerity measures are put in place.

The government has been slow to take dramatic action on the economy, a reluctance which has led to the current crisis.

The political uncertainty and fears about the country's debt is pushing its borrowing costs to record highs - leading to more concerns about the economy.

Al Jazeera's Tania Page reports from Rome on how plans to tackle the country's debt are affecting those who'll pay for it.

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