Europe, Silvio Berlusconi | featured news

(Image from article: "Italian Premier Silvio Berlusconi resigns")

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Italy at breaking point, Merkel calls for "new Europe"

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.

Senh: Europe's third largest economy is in need of a bailout that the euro zone can't afford. Holy moly. It feels like a domino effect now. First Greece, now Italy. More holes to plug. Hopefully, Italy is the last one.

Common Sense: The Spotlight Now Shines on Italy

It is up to Silvio Berlusconi to keep Italy from becoming another Greece and plunging the world into an even more devastating financial crisis.

Senh: Yes, Italy, please don't take down the world economy with you.

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Berlusconi Vows Not to Resign

As markets continued to hammer Italy, Prime Minister Silvio Berlusconi rebutted calls for his resignation, saying Italy’s economic fundamentals were strong.

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Italy's Berlusconi tries to calm fears over crisis

Prime Minister Silvio Berlusconi tried on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis and the opposition pledged to smooth the passage through parliament of tough debt-cutting measures.

Italy PM Berlusconi in court for fraud trial

Italy's Prime Minister Silvio Berlusconi, his popularity plummeting as he faces a string of legal cases, appeared in court for the first time in eight years on Monday.

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