Italy

Italy is in a two year old debt crisis.  Investors are loosing faith in Italy's bond agreement and are uncertain whether or not to invest in Italy.  Italy needs help and is trying to get other countries into their bond agreement so they can get back up on their feet again.  The problem is no one really believes that they will end up paying the initial amount back, even though Italy is 3rd in production in Europe.
 Recently its Prime Minister, Silvio Berlusconi, resigned from his position.  When he resigned he wanted parliament to have austerity measures, cuts to welfare, ect.  I agree with his idea about cutting down on how much the public of Italy and also the government of Italy spends.  The place they are at right now in the economy, the way they are only heading more downhill shows that if they don't act now, if they don't stop spending so much money, then they will never get out of debt and will have to be bailed out by the other parts of Europe.  I think that is not fair to the rest of Europe because everyone should be in charge of themselves, they shouldn't have to be in charge of paying for Italy's debt, they should just be in charge of their own country.  I do agree though that in situations like this where it is so extreme that they should get help from other countries.