Left Wing, Unions Stall Italian Labor Reforms
There is little doubt that Italy’s employment system must change but left-wing parties and unions are critical.
Italy
Monti Asks Europe to Recognize Italy’s “Sacrifices”
Italy’s prime minister urged a more activist policy on the part of the central bank to reduce its borrowing costs.
Italy’s Monti Defends New Austerity Measures
The prime minister warns that “the survival of the common currency” could be at risk if Italy doesn’t reform.
IMF to Save Italy, Spain from Default?
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.
A Tale of Two Italies
The European debt crisis has exacerbated the north-side divide that has characterized Italy since unification.
Berlusconi to Resign? Be Careful What You Wish For
The besieged prime minister could leave Rome in turmoil if he leaves Italian politics.
Greek, Italian Leaders Under Pressure to Go
George Papandreou and Silvio Berlusconi are urged to resign by parliamentarians ahead of a G20 summit.
Italian Government Divided Over Budget Cuts
Silvio Berlusconi’s coalition partners are opposed to the reforms other European leaders demand.
Italy’s Credit Rating Suffers Further Downgrade
A rating agency says Italy’s weak growth and fragile government may not endure more austerity.
Italy’s Berlusconi Reneges on Austerity Pact
Italy revokes €5 billion in planned austerity measures in order to appease regional political parties.
Transatlantic Effort to Impose Fiscal Restraint
American and European conservatives push for balanced budget amendments, hoping to force their governments to cut spending.
France, Italy Hastily Implementing Austerity
Paris and Rome rush to cut public spending after a week of turmoil in the financial markets.
European Central Bank to the Rescue
Frankfurt moves to purchase Italian and Spanish sovereign bonds in an attempt to defuse the European debt crisis.
Rome Won’t Fall in a Day
Italy is in dire need of economic reform but the country’s fiscal woes are still a far cry from Greece’s.
Europe’s Open Borders Compromised
The free movement of people, goods and services in Europe is in jeopardy as countries try to keep migrants out.