ITALY DEBT CRISIS

AP

Is Italy Next?

MILAN - Official statistics confirm that Italy's economy contracted by a quarterly rate of 0.8 per cent in the first three months of the year, the worst contraction in three years.The painful recessio...
CP

Why Europe Is Falling Apart

Claudio Giudici pilots his Toyota Prius through the congested streets of Florence, his exasperation showing as he explains for the third time why open markets and competition are bad things for Italy....
PA

Greece Is Ungovernable

The evidence of anti-governance is there: Greek people have staged debilitating strikes, violent rampages and tax revolts. Greece, for its part, will be well-advised to simply leave and let the IMF help it pick up the pieces.
PA

Save the Euro, Lose Sovereignity

The race to save the euro, and how it's being conducted, will not just affect bailed out countries' control over their budgets. It will also likely harm what remaining democratic character the Union has by allowing for influence over debtor states' votes in a way the treaties anticipate and forbid.
AP

Flaherty: Market Meltdown Will Be Averted

OTTAWA - North American markets are likely to face more selling pressure today following a downgrade in the United States' credit rating and a worsening debt crisis in Europe. Both factors now threate...