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.
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.
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.
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.