Topic: Italian Economy
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Christopher Columbus: Five things you thought you knew about the explorer
It’s Columbus Day – a time when faulty lore about the “discoverer of America” abounds. The myths surrounding the epic voyages of Christopher Columbus are as plentiful as the riches he supposedly discovered. Here are some commonly held beliefs that have endured since, well, 1492.
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Think US debt is high? Take a look at Europe's most indebted nations.
In April, the IMF estimated that the US government's debt amounted to 99 percent of gross domestic product. That’s high, but less than four of Europe's five largest debtors.
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Woman rescued from rubble after earthquake in Italy (+video)
A woman in Cavezzo, Italy, was pulled alive from the rubble of her home Wednesday. The death toll from Tuesday's northern Italy earthquake has risen to 17.
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Christopher Columbus: Five things you thought you knew about the explorer
It’s Columbus Day – a time when faulty lore about the “discoverer of America” abounds. The myths surrounding the epic voyages of Christopher Columbus are as plentiful as the riches he supposedly discovered. Here are some commonly held beliefs that have endured since, well, 1492.
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Italian Twitterati jab Berlusconi after he 'blames media' for credit downgrade
Prime Minister Silvio Berlusconi blamed the media for Italy's credit downgrade from Standard & Poor Monday. Italians, having heard it before, took to the Internet to make fun of his comments.
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European economic crisis: Why Italy is seen as too big to bail out
While Italy has a fairly low budget deficit, structural issues such as low productivity have resulted in an economic crisis. Its public debt, at 118 percent of GDP, is one of the highest in Europe.
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Think US debt is high? Take a look at Europe's most indebted nations.
In April, the IMF estimated that the US government's debt amounted to 99 percent of gross domestic product. That’s high, but less than four of Europe's five largest debtors.
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European markets tumble as investors fear Italian default
Investors in Europe have set their sights on Italy, speculating that if a Greek bailout isn't approved and Athens defaults on its government debt, Italy is next.
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Why Italy may need a bailout, too
With high debt and falling stocks, Italy appears to be the next European economy on the brink. Investors and European officials are now sounding alarm bells.
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Vatican bank probe revives Catholic Church's past financial scandals
Italian authorities are looking into allegations of money laundering in the Vatican's bank, adding to the Roman Catholic Church's recent woes over sex-abuse scandals.
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Global News Blog
Need a job? Move to Italy.
Despite the economic downturn, many firms cannot fill empty positions ranging from plumbers to pastry chefs. The reason? A stigma on blue-collar jobs.
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Italy offers banks a $15.5 billion lifeline
A caveat: More credit must go to small firms. Obama is also pushing aid to small businesses.
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On crisis, Europe to US: 'I told you so'
Europeans blame economic mess on US 'anything goes' capitalism as Iceland faces a full meltdown.
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