InfoAnda - Crisis mounts around Italy's Berlusconi |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

SKorea's POSCO mulls Vietnam steel mill takeover | 16 July 2009
Malaysian Indian party's leadership vote | 13 September 2009
GM to discuss Opel sale, Merkel presses Magna case | 21 August 2009

A father and son talk fitfully in `Sixty Miles' | 23 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : Crisis mounts around Italy's Berlusconi |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon John Lloyd Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money Blog John Wasik Unstructured Finance Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Full Focus Editor's choice Our top photos from the last 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Cancer-suffering Korean song contestant rivets nation 9:29am EDT U.S. Army soldier arrested on suspicion of espionage 01 Nov 2011 Occupy Wall Street finds money brings problems too 9:32am EDT Dutch psychologist admits he made up research data 9:50am EDT WRAPUP 7-France, Germany demand Greek decision on euro 11:43am EDT Discussed 159 Insight: U.S. firms to charge smokers, obese more for healthcare 145 Two abortion clinic employees plead guilty to murder 112 Jobless US vets say military experience not valued Watched Rena could split in next 24 hours Tue, Nov 1 2011 Stallone stuntman dies on set Mon, Oct 31 2011 Flight from U.S. makes emergency landing Tue, Nov 1 2011 Interactive Euro zone bank stress test calculator Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test. Full Coverage Crisis mounts around Italy's Berlusconi Tweet Share this Email Print Related News Italy cabinet expected to meet on new crisis measures 5:46am EDT Bank of Italy denies report of emergency intervention plan 7:50am EDT Analysis & Opinion Did accounting help sink Corzine’s MF Global? The big powers need to learn to share Related Topics World » Italy » Euro Zone » Italy's Finance Minister Giulio Tremonti attends the ''World Savings Day'' meeting in Rome October 26, 2011. Credit: Reuters/Stringer By James Mackenzie ROME | Wed Nov 2, 2011 8:25am EDT ROME (Reuters) - Prime Minister Silvio Berlusconi was meeting his ministers on Wednesday to discuss measures to try to calm market turmoil that has ravaged Italian bonds and bank shares and threatened to tip the euro zone's third largest economy into full-scale crisis. Berlusconi, under growing pressure to step down and hand power to an emergency government of national unity, met senior aides and ministers on Wednesday morning ahead of an expected meeting of the cabinet. Yields on 10-year Italian BTP bonds fell slightly from the highs reached on Tuesday but were still at more than 6.1 percent as bonds remained under pressure, even with support from the European Central Bank's bond buying operation. The risk premium paid on Italian 10-year bonds compared with their safer German equivalent was at 439 basis points, a slightly narrower spread than the 455 points on Tuesday. Greece's surprise decision to call a referendum on austerity measures demanded by the European Union has thrown markets into turmoil and worsened fears about the stability of other heavily indebted economies like Italy. As the market turmoil has increased, threatening a wider euro zone crisis, the scandal-plagued Berlusconi has come under fire from all sides over his handling of the crisis. President Giorgio Napolitano issued a highly unusual statement late on Tuesday, calling on Berlusconi to pass reforms without delay and indicating that he was looking at how much support there was for reform outside the ranks of the center-right government. Napolitano does not have the power to dismiss Berlusconi as long as he has a parliamentary majority but if the open divisions in the coalition were to deepen and provoke a crisis, he would have the power to name a new administration. "That was a warning," said Anna Chimenti, a professor of constitutional law at the University of Foggia. "Until there is a crisis, Napolitano is like a referee who blows the whistle when rules are not respected. He's blowing the whistle now." A separate declaration from Italy's main business and banking federations called on Berlusconi to act immediately or "draw the consequences," underlining the wide distrust of the government from broad sections of society. CRISIS MEETINGS Amid an air of crisis in Rome, Italy's top financial officials were due to meet to discuss the impact on the banking sector, while the government prepares possible new reforms ahead of a meeting of G20 economic powers on Thursday. Economy Minister Giulio Tremonti, Bank of Italy Governor Ignazio Visco, Treasury head Vittorio Grilli and the heads of insurance regulator ISVAP and markets watchdog Consob were due to meet at 3 p.m. (1400 GMT), the Treasury said in a statement. If bond yields remain at their current level, Italy faces having to pay billions of euros more in interest payments over coming years but there is a growing risk it could be shut out of bond markets entirely if yields rise to 7 percent. Too big to bail out if its borrowing costs get out of control, Italy has a mix of sluggish growth, a divided and ineffective government and a public debt equivalent to 120 percent of gross domestic product that poses a growing threat to the survival of the euro. Berlusconi has promised European Union partners reforms such as easier rules on redundancies, including for civil servants, and an increase in the pension age but the measures would not be due to take effect for months. Officials are trying to pack new measures, including cuts to some tax breaks and more labor market liberalization, into a budget bill currently in the Senate to enable the government to present an approved package of legislation as soon as possible. Other potential measures, including a wealth tax and a possible amnesty on tax evasion have caused deep disagreement between ministers including Berlusconi and Tremonti. A series of austerity packages passed during the summer aimed to bring Italy's budget into balance by 2013 but the government has been widely criticized for the slow and erratic implementation of the measures. The scandals involving Berlusconi, who faces trial on a variety of charges ranging from tax fraud to having sex with an underaged prostitute, have also raised questions about his focus on the complicated reform process. (Additional reporting by Catherine Hornby, Hana Rantala and Giuseppe Fonte, editing by Philip Pullella) World Italy Euro Zone Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 2 November 2011
Salman Butt, Mohammad Asif found guilty in cricket spot-fixing scandal
Pistons center Ben Wallace pleads guilty in drunk driving arrest
Iran imposes indefinite ban on Mohd Nosrati, Rezaei for ‘immoral’ acts
Baylor, Notre Dame 1-2 in women's basketball coaches' poll
Kyrgyzstan tells U.S. to give up key NATO airbase
Camping apologizes for faulty apocalypse predictions
Door-to-door outreach cuts TB prevalence in Africa
Korean court sentences U.S. soldier to 10 years for rape
NATO announces withdrawal from Libya
Supreme Court hears case on liability of private prison guards
Flood gate in Thai capital focus of fear, rivalry |
U.S. army extends curfew in South Korea |
China's Wen recalls family past of persecution |
Cannes sheds its black tie image for G20 riot gear |
Flyers chemistry helping team take off
Greek PM wins over cabinet, next up Merkel and Sarkozy |
Trapped Burmese face arrest, extortion to flee Thai floods |
Browns release wideout Brian Robiskie; make room for back Thomas Clayton
Syria says reaches deal with Arab League on unrest |
Georgia running backs Crowell, Thomas and Malcome banned one game
Jewish body calls on Boehner to return money from Nazi Reenactor
U.S. relies on two year window to streamline UNESCO fiasco
Israel to speed up settlement building in West Bank |
Anglican Church head backs protesters on financial reform |
Sony slashes annual operating profit forecast by 90 percent |
Olympus panel aims to hear ex-CEO; need at least month |
Inmarsat Q3 earnings up 18 percent on LightSquared deal |
Microsoft software bug linked to Duqu virus |
Sony's Hirai to address Q2, focus on restructuring |
WikiLeaks' Assange to learn UK extradition fate |
Analysis: Groupon IPO to test nascent private stock markets |
Kim Kardashian denies profiting from TV wedding |
Zooey Deschanel separates from Death Cab frontman |
Jackson doctor won't testify as trial nears close |
Man pleads not guilty to hacking celebrity e-mails |
Adele dismisses throat cancer rumors |
Hugh Grant is new father of baby girl |
Oscar producer Gil Cates dies, age 77 |
Scarlett Johansson says nothing wrong with nude photos |
Justin Bieber launches charity effort, holiday album |
Singer and Glee star Charice's father murdered |
Arabs await Syrian reply to plan to end unrest |
PLO to pursue statehood despite Israeli measures |
Tea tells the future of the climate
Light drinking linked to breast cancer
Aircraft carrier-sized asteroid to zip past Earth next week
UK court denies extradition appeal for WikiLeaks founder
Three-horse race for Venezuela's anti-Chavez ticket |
Poor farmers need alternatives to opium
U.S. stocks rebound Tuesday after steep sell-off Monday
Hillary Clinton's mother dies at 92
Bieber a daddy?
Haiti's rape survivors
Patriots wideout Julian Edelman faces indecent assault charge
Crisis mounts around Italy's Berlusconi |
Army role eyed as Egypt election campaign begins |
Breakthrough on Yemen power transfer near: EU envoy |
Egyptian army did not fire at protesters: report |
Unassuming Polish hero just wants to fly again |
UK court rules WikiLeaks's Assange should be extradited |
AOL beats expectations, shares rise |
Personal navigation devices services help Garmin back on track |
Angry Birds tops 500 million downloads |
Lenovo Q2 profit up 88 percent, beats forecast |
ST-Ericsson breaks Qualcomm Windows Phone monopoly |
Ousted Olympus CEO wants meeting with investigative panel |
Die-hard fan builds shrine to Bollywood's Khan |
A Minute With: Kal Penn on Harold, Kumar and Obama |
China's Ai Weiwei will fight tax charges to the death |
Cancer-suffering Korean song contestant rivets nation |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01