Berlusconi Could Fall as Italy Teeters
Silvio Berlusconi, who has resisted calls to step down as prime minister of Italy, may be on the way out regardless, if former party loyalists continue to rebel.
Moody’s Slices Italy's Credit Rating
Italy got hammered Tuesday by Moody’s, which lowered the country’s credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
China in Talks With Italy as Lender
As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.
Bond Selloff Sparks Italy's Plea for Euro Zone Help
Italy looked to the euro zone for political help on Wednesday as its bonds were hammered in the midst of a huge selloff.
Euro Crisis Spreads as Italian, Spanish Debt Yields Pass 6%
The massive size of Italian and Spanish debt in comparison to that of Greece, Portugal and Ireland imparts global economic significance to Tuesday's bond market news.
Ireland Slashed to Junk; EU Considers Greek Default
Moody's downgraded Ireland's debt to junk status as the EU pondered options to deal with the crisis in Greece.
EU Calls Emergency Meeting Over Italy Debt
Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.