Greece's new leader today submitted a draft budget while Italy has presented an austerity program. But investors are skittish as EU debate rages over how best to address the Europe debt crisis.
With high debt but a primary budget surplus, Italy must enact growth policies to avoid euro crisis, an economist says. Italy's new prime minister may not have much time to enact reforms.
Interest rates rise to record 6.06 percent for 10-year Italian bonds. High interest rates signal market skepticism that Italy will cut spending and balance its budget by 2013.
The euro debt crisis deal reached in Brussels is stirring cautious optimism in the Asian and European markets. But the specifics have yet to be worked out.
Stock futures down slightly for the Dow, S&P. But NASDAQ stock futures rise as Asia and Europe post gains.
Tunisian elections: Islamist party Nahda is set to do well in today's historic election in Tunisia, which will be a litmus test for the Arab Spring.
Rome riots erupted this weekend during a global 'Day of Rage,' a protest denouncing capitalism, inequality and economic crisis. In Rome, protesters torched cars, attacked banks and hurled rocks.