Rome

Italy to hold a low-key June 2 military parade, Letta says

'Day of the Republic' celebrations undergo budget cuts

Italy to hold a low-key June 2 military parade, Letta says

Rome, May 3 - Newly appointed Premier Enrico Letta on Friday said Italy will hold its traditional June 2 military parade, an annual event held to celebrate the creation of the Italian Republic, though spending this year will be "restricted". Individual military corps, which hold their own celebrations, will also be curbing expenditure this year on the events, according to a statement. Letta's announcement comes amid calls to scrap the celebration in light of the nation's economic and social difficulties. Italy, which is the eurozone's third-largest economy, has been mired in a two-year recession and is suffering unemployment at the highest levels in almost two decades. Italians celebrate the "Day of the Republic" on June 2, which is a national public holiday that marks the anniversary of Italy's vote to abolish the monarchy and pursue a democracy after the fall of Fascism. Last year, planned annual celebrations were also toned down to reflect the difficult social and economic environment.

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