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Monti takes Italy's austerity plan to lawmakers
Mon, 05/12/2011 - 14:56 | 
Swiss Language ...
ROME (AP) — Italian Premier Mario Monti has acknowledged some of the €30 billion ($40.5 billion) in spending cuts and tax hikes his government has approved may aggravate a looming recession in Italy but says the alternative would have been becoming too much like Greece.
The supercommittee pulls the trigger: How do the automatic cuts work?
Tue, 22/11/2011 - 08:57 | Swiss Language ... The supercommittee pulls the trigger: How do the automatic cuts work?
It's all over. The "supercommittee"--the bipartisan group of lawmakers charged with hammering out a plan to reduce the federal deficit--has admitted defeat. With the panel's Wednesday deadline looming, Democrats and Republicans say they're just too far apart on what mix of tax hikes and spending cuts would be best.
“There Is No Solution for Europe”: Stocks Tumble as Italian Yields Surge
Wed, 09/11/2011 - 21:20 | Swiss Language ...
A spike in Italian debt yields sent global markets tumbling Wednesday, with the Dow down more-than 370 points in recent trading.
Earlier this week, you may recall, talk on the Street was that if Silvio Berlusconi would only step down, the Italians would be free to adopt austerity measures and market pressures would relent. Instead, Berlusconi's pledge to resign seem to intensify market fears about Italy's huge debt load.
Berlusconi promises to resign amid Italy debt woes
Tue, 08/11/2011 - 21:23 | Swiss Language ... Groupon Inc
Sun, 06/11/2011 - 17:24 | Swiss Language ... Groupon Inc employees broke out the champagne on Friday as the Web company jumped 31% in its first day of trading as a public company. They weren't the only ones celebrating.
Greek vote in early Dec: yes or no to eurozone
Thu, 03/11/2011 - 01:02 | Swiss Language ...
CANNES, France (AP) -- European leaders heaped pressure on Greece over its decision to hold a referendum on its latest bailout deal, calling it a vote on whether it wants to stay in the eurozone and vowing Athens would not get new rescue loans until the result was in.
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