Italy
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Italy.
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About
Italy
Italy
Population: 58,057,477 (July 2004 est.)
Languages: 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)
Capital: Rome
Government Type: Republic.
Independence Day: 17 March 1861 (Kingdom of Italy proclaimed;
Italy was not finally unified until 1870).
Legal System: based on civil law system; appeals treated as
new trials; judicial review under certain conditions in Constitutional
Court; has not accepted compulsory ICJ jurisdiction.
Currency: euro (EUR)
Executive
Branch:
Chief
of State: President Carlo Azeglio CIAMPI (since 13 May 1999).
Head of Government: Prime Minister (referred to in Italy as
the president of the Council of Ministers) Silvio BERLUSCONI
(since 10 June 2001).
American
Embassy: Via Vittorio Veneto 119/A, 00187-Rome
Mailing Address: PSC 59, Box 100, APO AE 09624
Telephone: [39] (06) 46741 FAX: [39] (06) 488-2672
General Overview: 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 II. 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,
organized crime, corruption, high unemployment, sluggish economic
growth, and the low incomes and technical standards of southern
Italy compared with the prosperous north.
Economic
Overview: 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,
welfare-dependent 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. The current government has enacted numerous
short-term reforms aimed at improving competitiveness and long-term
growth. Italy has moved slowly, however, on implementing needed
structural reforms, such as lightening the high tax burden and
overhauling Italy's rigid labor market and over-generous pension
system, because of the current economic slowdown and opposition
from labor unions.
International
Disputes: None
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