Italy (Italian: Italia), officially the Italian Republic, (Italian: Repubblica Italiana), is located on the Italian Peninsula in Southern Europe, and on the two largest islands in the Mediterranean Sea, Sicily and Sardinia. Italy shares its northern Alpine boundary with France, Switzerland, Austria and Slovenia. The independent states of San Marino and the Vatican City are enclaves within the Italian Peninsula, while Campione d'Italia is an Italian exclave in Switzerland. Italy has been the home of many European cultures, such as the Etruscans and the Romans, and later was the birthplace of the movement of the Renaissance, that began in Tuscany and spread all over Europe. Italy's capital Rome was for centuries the center of Western civilization, and is the seat of the Catholic Church. Today, Italy is a democratic republic and a developed country with the 20th highest GDP per capita, the 8th-highest Quality-of-life index, and the 20th-highest Human Development Index rating in the world. It is a founding member of what is now the European Union (having signed the Treaty of Rome in 1957), and also a member of the G8 (having the world's 7th largest nominal GDP), NATO, OECD, the Council of Europe, the Western European Union, the Central European Initiative, and a Schengen state. On January 1, 2007 Italy began a two year term as a non-permanent member of the United Nations Security Council.
WikipediaItaly became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy was a charter member of NATO and the European Economic Community (EEC). It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include illegal immigration, organized crime, corruption, high unemployment, sluggish economic growth, and the low incomes and technical standards of southern Italy compared with the prosperous north.
CIA The World Factbook