Mario Monti

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Italy PM Disses Berlusconi, Won't Run Again

Says logic of former PM 'escapes me'

(Newser) - Italy's caretaker Premier Mario Monti said today he won't run in February elections, but if political parties that back his anti-crisis agenda ask him to head the next government he would "evaluate the offer." Monti ruled out heading any ticket himself, saying "I have no...

Thousands of Students Protest Across Italy

They oppose PM Mario Monti's austerity measures

(Newser) - Thousands of angry students protested government austerity measures across Italy today and injured up to six policemen in Rome, hitting them with stones while hiding behind homemade shields, Reuters reports. The students also tried rushing a Rome police van but were driven back by batons. Other protests against the policies...

Italian Protester Scales St. Peter's Dome

He spends night atop Vatican landmark

(Newser) - It's hard for a lone protester to get attention in today's protest-crowded Europe, but one Italian man managed it by scaling St. Peter's Basilica. The protester, posing as a tourist, slipped past Vatican security to climb the landmark and unroll a banner denouncing European Union policies and...

Merkel Softens Her Opposition to Stimulus

Germany, France, others agree to push for $163B growth package

(Newser) - The leaders of France, Germany, Italy, and Spain agreed to push for a growth package worth up to $163 billion at a European Union summit next week aimed at kickstarting the economy and safeguarding the currency bloc. French President Francois Hollande, German Chancellor Angela Merkel, Spanish Prime Minister Mariano Rajoy,...

Eurozone's Next Wobbling Domino: Italy

Italian stock performance suffers over investors' contagion fears

(Newser) - If it's not one eurozone country, it's another. Relief over Spain's bank bailout has swiftly dissipated into worry over Italy, which may not have the economic juice to pay its massive national debt and simultaneously fund its part of the various euro bailouts, the New York Times...

9 Dead as 5.8 Quake Again Jolts Italy

 Death Toll in Italy 
 Quake Hits 15 
UPDATED
May 29, 2012 11:30 AM CDT

Death Toll in Italy Quake Hits 15

About 14,000 now homeless after pair of earthquakes

(Newser) - A second earthquake within 10 days jolted northern Italy this morning, a 5.8 tremor that killed at least 15 people and injured another 200. The quake hit at 9am local time, again just north of the city of Bologna, reports the AP ; a 6.0 temblor on May 20...

Europe Braces for Greek Exit
 Europe Braces for Greek Exit 
May 24, 2012 1:51 AM CDT

Europe Braces for Greek Exit

Hollande backs eurobonds at inconclusive summit

(Newser) - New kid on the European block François Hollande made an audacious debut at his first EU summit, but the crisis meeting ended without a clear solution to the eurozone's woes. The French president, backed by most EU leaders, supports issuing "eurobonds" to shore up troubled EU economies,...

Italy Passes Austerity Measures Amid Strikes

Furious unions protest with transport shutdown

(Newser) - The Italian government today easily won a confidence vote on its package of austerity measures in the lower chamber of Parliament as more protest strikes hit the country. Premier Mario Monti had called the vote in the Chamber of Deputies to speed passage of the $39 billion in extra taxes...

Sarkozy, Merkel Announce Plan to Save Euro

Meanwhile, Italy announces austerity measures

(Newser) - Nicolas Sarkozy and Angela Merkel sat down for a working lunch in Paris today, and emerged with a joint statement calling for big changes to the euro zone’s governing treaties aimed at preventing future crises. Their vision includes a new European monetary fund, zone-wide deficit limits, and automatic penalties...

Italy's Monti Forms Politician-Free Government

He's sworn in as PM ... ciao, Berlusconi!

(Newser) - It's a big day for Italy: Economist Mario Monti has been officially sworn in as PM—formally ending Silvio Berlusconi's 17-year-long run of political dominance—and he formed a new Italian government that doesn't include a single politician. Instead, he drew from the ranks of bankers, diplomats,...

Berlusconi's Party Backs Economist as New PM

Mario Monti faces gargantuan task

(Newser) - Silvio Berlusconi's conservative party is backing economist Mario Monti to put together a new coalition, leaving the man they call "professor" some outlandish shoes to fill and Italy's towering financial crisis to dig out of. And there's a catch: Monti's got to do it all...

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