Italian bloggers have found imaginative ways to dodge a ban on publishing opinion polls ahead of elections — from referring to candidates as cardinals to commenting the vote like a horse race. Under Italian law, opinion polls can be carried out but their results cannot be released in the 15…
Italian ex-premier Silvio Berlusconi’s warning that his party could withdraw its support for the government was seen by the press Sunday as a declaration of war against Prime Minister Mario Monti and a bid to show he still carries political weight. However analysts saw it as an empty threat made…
Eurozone tensions have intensified after grim news on the economic outlook and as investors sought safety in Germany on growing doubts over Greece’s future in the currency union. Shortly after an EU summit failed to produce a remedy, a May survey of eurozone business confidence on Thursday showed the sharpest…
Italian Prime Minister Mario Monti on Wednesday said the root of the eurozone’s debt woes lay partly in the irresponsible parenting ofGermany and France during the bloc’s infancy. Monti told reporters in Tokyo that because the eurozone’s two largest players had not abided by fiscal rules, they had set a bad example…
NEW YORK (Reuters) – Wall Street was set to fall on Tuesday, led by banks and resource-related stocks, as risk aversion tied to Europe’s debt crisis sent Italy’s bond yields back into a perceived danger zone. Prime Minister-designate Mario Monti was meeting with leaders of Italy’s biggest two parties to…
LEIPZIG, Germany (Reuters) - German Chancellor Angela Merkelsaid on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the eurozone debt crisis. A rally on financial markets sparked by the appointment of respected European technocrats…
ROME (Reuters) – Italy’s Senate approved economic reforms intended to reverse a collapse of market confidence on Friday, kicking off a rapid transition that will end the Berlusconi era and clear the way for an emergency government within days. The package of austerity measures demanded by the European Union will…