Silvio 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 […]
Read MoreIn a good sign for Greece’s continued membership in the eurozone currency bloc, besieged Prime Minister Papandreou has survived a confidence vote in the Greek parliament with promises to form a unity government. To quote: “I have been in contact with the president and I will visit him tomorrow (Saturday) to inform him of my intentions […]
Read MoreEmbattled Greek Prime Minister George Papandreou’s call for a referendum on the proposed Greek bailout package has sent his government teetering on the brink of collapse and left the global financial markets roiling in its wake. Indeed, it has almost become farcical that a nation, incapable of repaying its debts, is now holding the eurozone […]
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