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Italy's UEFA EURO 2012 campaign may have had an unhappy ending but it has not cast a shadow over Cesare Prandelli's enlightening approach and ambitious plans are afoot for 2014.

The 204,000-euro Ferrari 458 Italia has never been a particularly common sight, even on the autostrade of its native Italy. Today it’s becoming even rarer as austerity measures spur Ferrari owners to export supercars by the truckload.

Officials say the capsized Costa Concordia cruise ship will not be moved from its resting place off Italy’s Tuscan coast as quickly as planned. Giglio island Mayor Sergio Ortelli told reporters Monday that the timetable for removal of the liner, now lying on its side off the island’s port, has been pushed back. 

Emanuele Pesoli is risking death by starvation in order to clear his name. The Verona defender chained himself to the gates of the Italian football federation headquarters in Rome on Saturday and and gone on a hunger strike to protest a lengthy ban, according to Reuters. 

 The Italian government is ready to appeal to the constitutional court against a ruling to halt production at Europe's biggest steel plant, an official said on Monday, as it seeks to head off thousands of potential job losses in southern Italy. 

Italy sold 8 billion euros ($9.9 billion) of Treasury bills as investor demand rose from a previous sale last month. The Rome-based Treasury sold the 364-day bills at 2.767 percent, up from 2.697 percent at the last sale of similar- maturity debt on July 12. 

 

Special effects master and three-time Oscar winner Carlo Rambaldi died Friday in southern Italy after a long illness, Italian news media reported. He was 86. Rambaldi was known as the father of “E.T.”

Italy’s Clemento Russo and Oleksandr Usyk of Ukraine will meet in the heavyweight final of the London Olympic Games boxing tournament on Sunday.Russo beat Teymur Mammadov of Azerbaijan 15-13 in their semifinal on Friday and Usyk stormed to victory over Tervel Pulev of Bulgaria, winning 21-5.

Alleged mafia boss Roberto Matalone evaded the police for two years, but a trip to the beach in southern Italy on Thursday proved to be his undoing. Accused of being part of the inner circle of the Pesce clan, one of the most powerful branches of the Calabria mob, he is married to the sister of boss Francesco Pesce, who was arrested last year hiding in an underground bunker.

When Sotirios A. Tsaftaris left Northwester Univerity near Chicago to become an assistant professor in this walled, medieval city in Tuscany, most of his colleagues expressed doubts. In Lucca? And they speak English?

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