Italy has begun the process of forming a new government, with economist Mario Monti the front-runner to succeed Silvio Berlusconi, who resigned as prime minister Saturday under criticism of the way he handled the country’s worsening debt crisis. Italian President Giorgio Napolitano was holding a rapid series of meetings with political leaders Sunday, to discuss […]
Italy Begins Forming Transitional Government After Berlusconi Resigns
Posted November 13th, 2011 at 11:10 am (UTC-5)
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Italy Begins Forming Transitional Government After Berlusconi Resigns
Posted November 13th, 2011 at 9:10 am (UTC-5)
Italy has begun the process of forming a new government, with economist Mario Monti the front-runner to succeed Silvio Berlusconi, who resigned as prime minister Saturday under criticism of the way he handled the country’s worsening debt crisis. Italian President Giorgio Napolitano was holding a rapid series of meetings with political leaders Sunday, to discuss […]
Italy Begins Forming Transitional Government After Berlusconi Resigns
Posted November 13th, 2011 at 4:45 am (UTC-5)
Italy begins the process of forming a new government Sunday, with economist Mario Monti the front-runner to succeed Silvio Berlusconi, who resigned as prime minister Saturday under criticism of his handling of the country’s worsening debit crisis. Italian president Giorgio Napolitano is due to meet with political leaders during the day to discuss the naming […]
Aung San Suu Kyi ‘Likely” to Run in Burma By-Election
Posted November 12th, 2011 at 8:25 am (UTC-5)
A spokesman for Burmese pro-democracy leader Aung San Suu Kyi says she is likely to run in a by-election in coming month, following a change to party registration laws. Nyan Win, of the National League for Democracy, told the French news agency the NLD is likely to register and the Nobel Peace laureate is likely […]
Zimbabwe Leaders Call for Peace Amid Increased Political Violence
Posted November 12th, 2011 at 3:25 am (UTC-5)
Zimbabwe’s top political leaders have called for an end to the country’s chronic political violence, following a new spate of attacks on the prime minister’s party. President Robert Mugabe called on supporters Friday to not to disrupt other parties’ gatherings, saying “People must hold their meetings freely.” He and Prime Minister Morgan Tsvangirai, the leaders […]
Republican Candidates Debate Economy; Perry Stumbles
Posted November 10th, 2011 at 6:20 am (UTC-5)
U.S. Republican presidential hopefuls debated how to fix the economy and create jobs, as they faced off in Michigan, and Texas Governor Rick Perry may have hurt his chances by struggling to answer a question. Perry failed to remember the names of all three federal agencies he has promised to eliminate. Once a front-runner in […]
Republican Presidential Hopefuls Debate the Economy in Michigan
Posted November 9th, 2011 at 10:25 pm (UTC-5)
U.S. Republican presidential hopefuls have debated how to fix the economy and create jobs, as they faced off in Michigan, one of the states hardest-hit by home foreclosures and the nationwide recession. The debate outside the city of Detroit is an important one for Georgia businessman Herman Cain, who has surged to the front of […]
Italy’s President Moves to Calm Financial Markets
Posted November 9th, 2011 at 5:25 pm (UTC-5)
Italian President Giorgio Napolitano has named former European Commissioner Mario Monti a senator for life. Monti is seen as the Italian president’s only choice to succeed Silvio Berlusconi as prime minister. Monti’s nomination Wednesday is viewed as a sign to reassure financial markets following Mr. Berlusconi’s announcement that he would step down after parliament passes […]
Italy’s Bond Yield Rises Above 7 Percent Mark
Posted November 9th, 2011 at 7:55 am (UTC-5)
Italy’s 10-year bond yield topped 7 percent Wednesday, a day after Italian Prime Minister Silvio Berlusconi announced he will resign once parliament passes crucial economic reforms. Greece, Ireland and Portugal asked for bailout loans after their borrowing rates crossed the 7 percent threshold. Mr. Berlusconi made his resignation announcement Tuesday after he lost his parliamentary […]
Berlusconi Promises to Resign After Economic Reforms
Posted November 9th, 2011 at 5:45 am (UTC-5)
Italian Prime Minister Silvio Berlusconi says that he will resign after parliament passes crucial economic reforms aimed at stabilizing Italy’s economy. Mr. Berlusconi made the announcement Tuesday after he lost parliamentary majority during a vote on a routine budget measure in the lower house, with seven ruling party members defecting. The measure passed with 308 […]
