Greece Has New Interim Leader, But Papandreou Won’t Yet Say Who
We have agreed on someone who will unite us, Papandreou reportedly said, without revealing his identity.
Who is Angelino Alfano?
Angelino Alfano is largely an unknown entity outside of Italy.
U.S. Stocks Plummeting Over Italian Debt Crisis, Political Uncertainty
The major European bourses are down anywhere from 2.0 percent to 2.6 percent.
Italian Borrowing Costs Surge to Dangerous Levels
Portugal, Ireland and Greece all were forced to accept a rescue package once their national bonds reached that emergency yield.
Greeks to Form Coalition Government Wednesday: Official
Negotiations between outgoing Prime Minister George Papandreou and opposition leaders, notably Antonis Samaras, have dragged on into the third day.
Are Greeks Really European?
The Greek nation has had a vastly different history and trajectory from the dominant countries of Western Europe.
Who Will Succeed Berlusconi?
Silvio Berlusconi is expected to quit within a week, if not days.
Greek Officials Locked in Debate Over New Interim Government
I believe that we are now close to an agreement with [the opposition party] New Democracy, Papandreou said during a Cabinet meeting
Silvio Berlusconi to Resign
Berlusconi has been under extreme pressure from both allies and opponents to quit
Berlusconi Wins Budget Vote… Or Did He?
BBC reported that an astounding 321 MPs abstained from voting
Toyota Results Marred by Thai Floods, Strong Yen
Toyota has withdrawn its profit and sales forecasts for the full fiscal year given the continuing uncertainties posed by the Thai flooding.
The Crisis in Greece: A Personal View
International Business Times spoke to a Greek native for her personal view on the crisis.
Key Coalition Partner Asks Berlusconi to Step Down
We asked the prime minister to stand aside, Bossi told reporters outside parliament.
Russia Endorses Pakistan’s Entry Into Shanghai Cooperation Organization
Putin and Gilani also reportedly discussed other important topics, including battling against terrorism and extremism.
Pressures Building on Berlusconi to Quit
More loyalists are jumping from Berlusconi’s sinking ship and many have resigned, ahead of a key parliamentary vote.
Finance Minister Confident Greece Can Survive the Crisis
Venizelos, a long-time rival of Papandreou, is believed to covet the job of Prime Minister.
English Eat Healthier Than Scots, Welsh, Northern Irish: Study
English people scarf down more fruits and vegetable and consume less amounts of fat and salt.
German Tour Company Already Preparing for Greece’s Exit from Euro
“Tui seeks to avoid the possibility of any adverse effect from the currency or macroeconomic situation and plan accordingly.”
France Unveils More Budget Cuts to Reduce Deficit
Sarkozy wants to slash the country’s public deficit to 4.5 percent of GDP next year from 5.7 percent this year.
Italy Borrowing Rates Surge to Record High; End of Berlusconi?
The data suggests that the market does not believe Italy can repay its huge debt.
Andy Rooney of ’60 Minutes’ Dies at 92
CBS stated the cause of death was complications arising from minor surgery.
Anglo-American to Take Control of Iconic Diamond Company De Beers
t the closing of the deal, Anglo-American will have an 85 percent in stake in De Beers, the largest diamond distributor in the world.
Jarrow March Arrives in London Demanding Jobs; How Times Never Change
The Jarrow march has become extremely relevant to new generation of Britons.
Militant Islamist Group Kills More Than 60 in Northern Nigeria in Bloodiest Attack to Date
Reportedly, the attacks lasted for 90 minutes and included running gun battles with security forces.
Pakistani Court Charges Seven With Benazir Bhutto’s Murder, While Musharraf Remains in Exile
Bhutto was killed in a gun and bomb attack in the city of Rawalpindi while campaigning.
Papandreou Seeks to Form Unity Government in Greece
The principal opposition party, New Democracy, has demanded that Papandreou call early elections and insisted it will not accept any coalition government with the current Prime Minister.
Nationalists March in Moscow, Harangue Putin, Minorities
Putin and his allies are widely expected to dominate Russia’s upcoming parliamentary and presidential elections over the next five months.
Thousands of Protesters, Including Communists, Rally Outside Greek Parliament Ahead of Confidence Vote
One banner reportedly reads: “The cost of [the] crisis should be paid by the capitalists.”
The Wit and Wisdom of Silvio Berlusconi
Here are just some of his most notorious gaffes:
Italy’s Budget Reforms Lack Credibility: IMF Chief
Berlusconi is facing a mountain of opposition to his reforms.
