The outgoing Italian government posted the entire population's tax returns on the internet causing a mad scramble which crashed the system.

ITALY'S Finance Minister Domenico Siniscalco sensationally resigned yesterday after he failed to persuade Bank of Italy Governor Antonio Fazio to quit.

ITALY’S biggest food company, Parmalat Finanziaria, may seek bankruptcy protection from creditors this week after the disclosure that a $4.9 billion bank account didn’t exist.