SWITCH: Mobile | ePaper | Subscribe

Homes Rentals Jobs Autos Contests

Silvio Berlusconi

(GREGORIO BORGIA/The Associated Press) Italy’s premier-designate Mario Monti speaks to the media after finishing his meetings with Italian political leaders and civil society organizations’ representatives at the Senate, in Rome, Tuesday, Nov. 15, 2011. Monti will submit his list for a new government to the Italian president Giorgio Napolitano on Wednesday.

Monti forms new Italian government

Last updated Wednesday, November 16, 2011 - 8:23am

ROME — Economist Mario Monti announced Wednesday he has formed a new Italian government, opting to put technocrats instead of bickering politicians in his cabinet to enact reforms that can save the country from financial disaster.

Debt Crisis, Euro, Silvio Berlusconi, International Read more Comments

(ANDREW MEDICHINI/The Associated Press) In this Tuesday, Oct. 26, 2004 file photo, Italian Premier Silvio Berlusconi waves from a balcony of Rome’s Campidoglio City Hall overlooking the Roman Forum, where the EU Constitution was signed by the representatives of 25 countries on Oct. 29, 2004. Premier Silvio Berlusconi resigned in Rome, Saturday, Nov. 12, 2011, after the Parliament’s lower chamber passed European-demanded reforms, ending a 17-year political era and setting in motion a transition aimed at bringing Italy back from the brink of economic crisis. The 75-year-old billionaire media mogul, who came to power for the first time in 1994 using a soccer chant “Go Italy” as the name of his political party, became Italy’s longest-serving post-war premier.

End of an era: Italy’s Berlusconi resigns

Nicole Winfield The Associated Press

Last updated Saturday, November 12, 2011 - 4:51pm

ROME — Italian Premier Silvio Berlusconi resigned Saturday after parliament’s lower chamber passed European-demanded reforms, ending a 17-year political era and setting in motion a transition aimed at bringing the country back from the brink of economic crisis.

Finance, Italy, Silvio Berlusconi, International Read more Comments

(ROBERTO MONALDO/The Associated Press) Italian Premier Silvio Berlusoni waves to journalists as he leaves the Quirinale, Presidential palace, after meeting with Italian President Giorgio Napolitano, in Rome, Tuesday, Nov. 8, 2011. Berlusconi says his decision to resign after parliament passed economic reforms is for the good of the country, and to settle financial markets that have lost confidence in Italy’s ability to rein in debt and spur growth.

Markets punish Italy to make sure Berlusconi goes

Colleen Barry, Nicole Winfield The Associated Press

Last updated Wednesday, November 9, 2011 - 9:01am

ROME — Financial markets pounded Italy on Wednesday, sending a clear message that they want Premier Silvio Berlusconi out immediately despite his plan to stick around a little longer.

Business, Economy, Global Economy, Italy, Resignation, Silvio Berlusconi, Stock Market, International Read more Comments

(ITSUO INOUYE/The Associated Press) A man looks at an electronic stock board of a securities firm in Tokyo, Japan, Wednesday, Nov. 9, 2011. The benchmark Nikkei 225 index rose 80.94 points, to end the morning session at 8736.45. Asian stocks climbed Wednesday, bolstered by easing inflation in China and Italian Prime Minister Silvio Berlusconi’s promise to resign once a new budget is passed that could prevent the country being engulfed in a debt crisis.

Asia stocks gain after Italian PM agrees to resign

Pamela Sampson The Associated Press

Last updated Wednesday, November 9, 2011 - 8:43am

BANGKOK — Asian stocks climbed Wednesday, bolstered by easing inflation in China and Italian Prime Minister Silvio Berlusconi’s promise to resign once a new budget is passed that could prevent the country being engulfed in a debt crisis.

Asia, Silvio Berlusconi, Stock Market, International Read more Comments

(ANDREW MEDICHINI/The Associated Press) In this Friday, July 15, 2011 file photo, Italian Premier Silvio Berlusconi votes over a crucial euro70 billion ($99 billion) austerity package aimed at convincing investors that the eurozone’s third-largest economy won’t be swept into the debt crisis, at the lower house of parliament, in Rome. Pressure mounted on Premier Silvio Berlusconi to resign so a new government could pass the economic reforms Italy needs to avoid financial disaster, as the country’s borrowing rates spiked Monday, Nov. 7, 2011, and talk of early elections intensified.

Key Berlusconi ally urges him to step aside

Colleen Barry, Frances D’emilio The Associated Press

Last updated Tuesday, November 8, 2011 - 8:17am

ROME — Silvio Berlusconi’s main coalition ally urged the Italian premier to step aside Tuesday as political uncertainty in the eurozone’s third-largest economy rocked financial markets for yet another day.

Debt Crisis, Economy, Italy, Silvio Berlusconi, Europe, International Read more Comments