Italy is situated in Southern Europe - the famous "boot" of Europe.
It was one of the founding members of the Eurozone, issuing coins from
2002. It has one of the largest economies in the Euro Zone.
Some basic facts about Italy:
Prior to the Euro the official currency was the Lira. The conversion rate to the Euro was set at 1936.27 to 1 Euro on 1st January 1999.
For more information on Italy,try this link.