Topic: Mario Monti

All Content

Germany vs. Italy: At eurozone meeting, the battle is over urgent action

As Europe's leaders meet in Brussels today, Germany is pushing hard for long-term reform. But Italy PM Monti says Europe faces disaster if high borrowing costs aren't addressed quickly.
Stocks rise on stronger US housing, factory data

A rare double dose of good news about the US economy sent stocks surging up Wednesday. The Dow Jones industrial average rose 92 points, contributing to a closing bell tally of 12,627, despite continued fears about the eurozone crisis.
Italy's modern-day conqueror falters under weight of eurozone crisis

Mario Monti, who was heralded as the answer to Italy's myriad problems when he was appointed to the presidency, has run into endless obstacles, and public confidence in him is waning.
Economy casts shadow on Rio+20 environmental summit

World leaders are gathering in Brazil for a three-day meeting on sustainable development, but the US election and Europe's economic woes are making the conference a subdued affair.
Obama expects to be outspent by Romney

His campaign said they expect the GOP candidate and his allies to raise more than $1 billion, more than the Democratic incumbent believes he will be able to gather.
Greeks get a government, but Europe needs confidence

The G-20 ended with growing global pressure on German chancellor Angela Merkel to work toward a long-term solution for Europe's sinking economies.
Obama tells G20 that Europe can "break the fever"

The President sounded a confident note about the ability for European leaders to solve the debt crisis roiling the region.
The Reformed Broker There's something about Italy

If this big Euro experiment is going to succeed, it is important that things in Italy stay fairly stable. The good news is, the country's banks are in relatively good shape and its leader appears competent. The bad news? A massive sovereign debt load.
After Spanish bailout, troubled markets

Rates fell on Spanish bonds, boding larger problems for Europe.
Strengthen the euro and reform the European Commission

At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.
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.
Powerful Italy quake leaves at least 15 dead (+video)

The 5.8 magnitude quake added to the misery being felt in the Emilia Romagna region of towns north of Bologna, one of Italy's most agriculturally and industrial protective areas.
Northern Italy struck by another earthquake (+video)

A magnitude 5.8 earthquake struck northern Italy Tuesday, killing at least 10 people. It's the second major quake to strike northern Italy in 9 days.
Bomb explodes at school in Italy, killing and wounding students

One student, a teenage girl, was killed in the blast; as many as ten others were wounded. No one has yet claimed responsibility.
Hollande election: future of austerity in Europe in doubt

While there is growing consensus that Europe will need to find a new plan to deal with its debt crisis, no clear plan has emerged.
The Daily Reckoning European debt: the more things change, the more they stay the same

Yesterday it was widely reported that Spanish banks held more delinquent loans than at any time since 1995. The world seemed to be waking to the realization that when you pour bad money after good money, you end up with no money.
Workers say zealous eurozone reformers are eroding their sacred rights

Union powers and workers' protections have been severely curtailed to make Europe's struggling economies more competitive. Some say the cuts have gone further than necessary.
Global News Blog Why an Italian lawmaker's phone call trumps Obama's speech

Italian Prime Minister Mario Monti's decision to take a call from an Italian lawmaker during President Barack Obama's speech highlights the tentativeness of his claim to authority.
China, South Korea and US warn about nuclear terrorism

Though North Korea wasn't mentioned by name, the impoverished nation's recent rocket tests cast a shadow over the nuclear proliferation summit in Seoul.
Sweden cash-free? It's getting there.

Sweden cash-free moves include public buses, a few stores, and even some bank offices that don't handle cash anymore. But it could take 20 years before consumers see a Sweden cash-free.
To reboot Italy's economy, Monti takes on the cabbies

Italian Prime Minister Mario Monti has made liberalizing the service sector a key economic initiative, but the taxi industry is resisting.
Italian president: UK action 'inexplicable' on Nigerian hostage rescue bid (+video)

Italian President Giorgio Napolitano called UK action 'inexplicable' in failing to inform his government before launching a botched rescue mission with Nigerian forces that led to the deaths of British and Italian hostages held by a militant Islamist group.
Euro crisis: Cash-strapped Italy sells off iconic lighthouses

The Italian island of Sardinia is leasing several formerly state-owned, out-of-use lighthouses to private developers who plan to capitalize on their pristine coastal surroundings.
As Greece awaits bailout, southern Europe seethes

European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
Mario Monti is working through Italy's debt crisis. Is the US watching?

Italy may find Prime Minister Mario Monti's dose of discipline hard to swallow, but his depoliticized democracy is the only form of government that can move Italy forward. Monti's experiment may also serve as an antidote to the political dysfunction in the West – especially the US.