2011 Italian financial crisis

The 2011 Italian financial crisis was triggered by concerns over Italy's high public debt and weak economic growth, which increased fears that Italy might struggle to repay its debts. This led to rising borrowing costs for Italy and a loss of confidence among investors, causing a debt sell-off in financial markets. Italy faced the risk of a financial crisis similar to Greece’s earlier struggles, prompting the government to implement austerity measures and seek support from the European Union to stabilize its economy and restore investor confidence.