AOL.com Video - Italians Fear Tough 2012

VIDEO:News

Italians Fear Tough 2012

Description:This market in Rome is normally packed at this time of year, with people replenishing their supplies after Christmas and New Year. But with Italians already feeling the effect of rising prices as part of the country's austerity measures, today it is all but deserted. Italy is at the heart of the euro zone debt crisis, and the new government headed by Mario Monti has laid out a 33-billion-dollar austerity package to get the country's 1.8 trillion euros of debt under control. (1:40)

Source: Reuters

Tags: 2012 europe economy , 2012 italy economy , eurozone , eurozone debt crisis