New Italian Prime Minister Creates Uncertainty for Investors
Italy could be in for a bit of a rough ride thanks to the resignation of its longest-serving president, Giorgio Napolitano.
Italy is feeling the pinch. Not only is its economy still struggling amid the European debt crisis, but factors from politics to competition from China, within its very shores, are complicating its problems.
Italy’s Bond Yield Falls at Sale Despite Moody’s Cut
Italy passed a market test on Friday after a Moody’s downgrade that its industry minister called unjustified.
ECB Gets Two New Members
The European Central Bank gained two new members on Jan. 1, and which of them will accede to the position of chief economist, vacated by Juergen Stark in 2011, remains to be seen.
What Lies Ahead for the Euro?
Would Italy be where it is today had Berlusconi planned its public finances as well as he planned his private events?
Italy and Austerity: New Italian PM Floats $40B More in Cut Backs
Italian parliament to take up Monti’s legislation on pensions, property and luxury taxes
France Nominates Treasury Official for ECB Board
France has nominated its second-highest Treasury official, Benoit Coeure, to a seat on the European Central Bank’s six-member executive board. If Coeure is appointed, he would once again give France a voice in the ECB’s policies and decisions.
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.
Despite Greek Deal, Eurozone Struggles
Despite a deal worked out with Greece’s leaders to support its latest bailout, the eurozone still battles market unrest as the leadership of both Greece and Italy is up in the air.