The Italian Problem

Sunday, 14 Aug 2011 | 8:14 PM ET

Oriel Morrison reports on the Asian markets, currencies, and the possibility of a global recession. Also, a focus on Italy, which just announced drastic measures to reinvigorate economic growth. CNBC's Michelle Caruso-Cabrera reports. And Jim Rickards, Tangent Capital Partners, discusses the need to restructure Italy's debt and his outlook for gold.