June 2nd marks Republic Day in Italy, commemorating the anniversary of the referendum banishing the country's monarchy. After the end of World War II and killing of dictator Benito Mussolini, a republic was a fresh start for the nation.
|Photo Credit: newshopper.sulekha.com|
According to a Yahoo! Finance article, this year's celebrations were slightly scaled back. This year's celebration only cost over 1 million euros, only a fraction of what was spent two years ago. Much of the traditional pomp and circumstance, such as tanks and horses were left out this year.
A more simple Republic Day is just another example of how the Italian government is trying to cut back and stabilize the country's economy.