Simon Winder of the United Kingdom’s The Telegraph argues that the recent events in the euro zone and the threat of imminent collapse without German intervention has placed the country in the position as an emergent, yet reluctant, superpower. Does Germany’s preeminence in the European Union qualify it for such lofty status? Simon Winder argues that […]
Read MoreItalian President Giorgio Napolitano has called upon popular technocrat and Senator for life Mario Monti to form a government to tackle Italy’s growing sovereign debt crisis. Berlusconi’s party, the People of Liberty, promised to only cooperate for as long as it takes to pass through the necessary measures to reduce Italy’s $2.6 trillion public debt. […]
Read MoreSilvio Berlusconi’s resignation was accepted by Italian President Giorgio Napolitano and it is likely that Mario Monti will succeed him. Berlusconi follows former Greek Prime Minister George Papandreou as the latest casualty of the euro zone financial crisis. Berlusconi was unable to pass key financial austerity measures earlier this week, signaling a loss of a […]
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