Changes

Italy adopted the [[euro]] as its currency in January 1999. Treasury Secretary Carlo Ciampi, who is credited with the economic reforms that permitted Italy to enter the European Monetary Union, was elected president in May 1999. Italy joined its NATO partners in the Kosovo crisis. Aviano Air Base in northern Italy was a crucial base for launching air strikes into Kosovo and Yugoslavia.

Italy adopted the [[euro]] as its currency in January 1999. Treasury Secretary Carlo Ciampi, who is credited with the economic reforms that permitted Italy to enter the European Monetary Union, was elected president in May 1999. Italy joined its NATO partners in the Kosovo crisis. Aviano Air Base in northern Italy was a crucial base for launching air strikes into Kosovo and Yugoslavia.

In June 2001, Silvio Berlusconi, a conservative billionaire, was sworn in as prime minister. He pledged to reduce unemployment, cut taxes, revamp the educational system, and reform the bureaucracy. His critics were alarmed by the apparent conflict of interest of a prime minister who also owned 90% of Italy's media. He was accused of Mafia connections and was under indictment for tax fraud and bribery. Found guilty in three out of four of his trials, he was acquitted in all of them on appeal. Several other cases are pending.

In June 2001, Silvio Berlusconi, a conservative billionaire, was sworn in as prime minister. He pledged to reduce unemployment, cut taxes, revamp the educational system, and reform the bureaucracy. His critics were alarmed by the apparent conflict of interest of a prime minister who also owned 90% of Italy's media. He was accused of Mafia connections and was under indictment for tax fraud and bribery. Found guilty in three out of four of his trials, he was acquitted in all of them on appeal. Several other cases are pending.