First Tunisia, then Greece, now Italy (the same Italy where the economy is “picking up” where yields are “stable”, and where much “progress” is being made). From Reuters: “A 54-year-old man died on Sunday after setting himself on fire outside the Italian parliament last week to highlight his struggle with unemployment, police said. Angelo di Carlo suffered 85 percent burns after the incident in front of the lower house of parliament – [...]
Italian prime minister warns that there is no room for failure in talks between single currency’s big four countries
Italy‘s prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week’s summit of EU leaders, outlining a potential death spiral whose consequences would become more political than economic.
The Italian leader is to hold talks with Chancellor Angela Merkel of Germany, the French president, François Hollande, and Spain’s [...]
by Open Europe
BERLUSCONI’S LAST STAND?
Open Europe has today published a note on the dramatically evolving situation in Italy, with new estimates on how much the rising bond yields could cost the Italian government and an assessment of the current political situation.
Berlusconi’s majority in the lower house of the Italian parliament remains uncertain;
If Berlusconi falls, the best option for Italy and the eurozone would be a national unity government with a [...]
(Reuters) – Italian deputies exchanged blows in parliament on Wednesday as tensions over a tough economic reform program came to a head.
At least two deputies from the Northern League, a member of the ruling center-right coalition, fought with members from the opposition FLI party of speaker Gianfranco Fini. Two deputies grabbed each other by the throat as other parliamentarians rushed to separate them.
The parliamentary sitting was suspended for several minutes [...]