At a glance
Italy has been a member of the euro area since 1 January 1999. Euro banknotes and coins were introduced on 1 January 2002. Until that date the euro was the official currency but only existed as 'book money'. The euro replaced the Italian lira (ITL) at a conversion rate of EUR 1 = ITL 1 936.27.
Italy is represented by Enrico Letta, Prime Minister, at Euro Summit meetings and by its Minister for Finance, Fabrizio Saccomanni, at Eurogroup meetings.
- Adoption of the euro: 01/01/1999
- Former currency: Italian lira (EUR 1 = ITL 1 936.27 )
- GDP per capita (current prices): €26 000 (2011 - Eurostat)
- Number of votes at the Council of the EU: 29
- Member of the Schengen area: Yes
- Official languages: Italian (it)
The Italian Republic is made up of regions, provinces and municipalities. Five regions have a special status with greater autonomy (Sicily, Sardinia, Trentino-Alto-Adige, Friuli-Venezia Giulia, Val d'Aosta).
The Chamber of Deputies has 630 members, elected for five years.
The Senate has 315 senators, elected for five years at provincial level, with a few life senators who are appointed by the head of state or who are former Presidents of the Republic.
The President of the Republic is the head of state, elected by indirect universal suffrage for 7 years. The President's role is essentially honorary and representative. Executive power is exercised by the President of the Council of Ministers.
- Political system: republic
- Voting age: 18 (25 for elections to the Senate), voting not compulsory
- National Day: 2 June (anniversary of the proclamation of the Republic – 1946)
Error loading MacroEngine script (file: CountryDocumentsByTag.cshtml)