Changes in Italy, Greece Fail to Reassure Markets in Europe
Trading in Europe on Tuesday showed that the presence of Prime Minister-designate Mario Monti in Italy, and new leader Lucas Papademos in Greece, has failed to reassure investors; stocks and the euro were both down.
Europe in Disarray as Contagion Spreads
As both Italy and Greece fumbled with successor governments, worries over officials’ failure to find a solution to the debt crisis spread contagion to Italy, where bond yields broke records.
Greece, Italy Face Shifting Governments
The financial crisis that brought down the leaders of both Greece and Italy is not finished with the nations yet. The two Mediterranean states must now focus on who will lead their new governments through the turmoil of their debt crises.