WATCH THE ITALIAN REACTION TO FIAT'S POSSIBLE TAKEOVER OF CHRYSLER & GM EUROPE

Diana Magnay reports in this CNN video on a relative outpouring of Italian pride at the thought of little Italy controlling large American firms. Chrysler and GM Europe (Opel, Vauxhall, Saab) could soon be under Torino's wing.

Take special note of the talk surrounding Jeep and remember the phrase, "mountain of debt". And to which company Magnay applies such a phrase.