Italy Debt Crisis

Is Italy Next?

CP | The Associated Press | Posted 08.11.2012 | Canada Business

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 wor...

Why Europe Is Falling Apart

CBC | Posted 06.24.2012 | Canada Business

Claudio Giudici pilots his Toyota Prius through the congested streets of Florence, his exasperation showing as he explains for the third t...

What European Finance Ministers Are Optimistic About

CP | The Associated Press | Posted 03.28.2012 | Canada Business

DAVOS, Switzerland - European financial chiefs are trying to soothe global CEOs and political leaders, insisting they have a handle on the eurozone's ...

Best And Worst G7 Economies Of 2011 (Hint: Canada Isn't Number 1)

CP | Julian Beltrame, The Canadian Press | Posted 02.27.2012 | Canada Business

OTTAWA - Canada's economy performed relatively well last year, but not enough to displace Germany as the top country in the Group of Seven big industr...

'Europe's Most Difficult Hours Since World War II'

CP | Juergen Baetz, The Associated Press | Posted 01.14.2012 | Canada Business

BERLIN - German chancellor Angela Merkel called Monday for a stronger political union in Europe to overcome the bloc's debt crisis, which she called "...

Could A Canadian-Style Equalization System Solve Europe's Woes?

CP | The Canadian Press | Posted 01.09.2012 | Canada Business

MONTREAL - A senior official with Quebec's massive pension-fund manager is suggesting a Canadian-style solution to help dig the European Union out of ...

Save the Euro, Lose Sovereignity

Jeff Cimbalo | Posted 01.09.2012 | Canada Business
Jeff Cimbalo

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.

Greece Is Ungovernable

Diane Francis | Posted 01.09.2012 | Canada Business
Diane Francis

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.

Stock Markets Plummet On Italy Fears

CP | Malcolm Morrison, The Canadian Press | Posted 01.09.2012 | Canada Business

TORONTO - The Toronto stock market tumbled more than 300 points Wednesday and commodity prices retreated amid a fresh wave of anxiety about Europe's d...

The Only Thing Berlusconi Couldn't Beat Was The Markets

AP | Posted 01.08.2012 | Canada

THE ASSOCIATED PRESS -- ROME -- Silvio Berlusconi survived sex scandals and corruption trials. Tawdry accounts of sexy "bunga bunga" parties turned hi...

Berlusconi Agrees To Resign

AP | Posted 01.08.2012 | Canada

ROME (AP) — Premier Silvio Berlusconi promised Tuesday to resign after parliament passes economic reforms demanded by the European Union, capping a ...

IMF Seeks New Tools To Fend Off Euro Crisis

CP | Gabriele Steinhauser, The Associated Press | Posted 12.05.2011 | Canada Business

BRUSSELS - The International Monetary Fund, a key player in eurozone bailouts, on Wednesday pushed for radical changes in the way the region's debt cr...

Italy's Largest Union Mulls Strike Over 'Inequity' In Budget Cuts

AP | Posted 10.22.2011 | Canada Business

ROME (AP) - The leader of Italy's largest union is threatening a general strike against an austerity package that Prime Minister Silvio Berlusconi's g...

Italy Austerity Plan Sets Up Showdown WIth Labour

CP | Alessandra Rizzo, The Associated Press | Posted 10.14.2011 | Canada Business

ROME - The leader of Italy's largest union is threatening a general strike against an austerity package that Prime Minister Silvio Berlusconi's govern...

Flaherty: Market Meltdown Will Be Averted

CP | Posted 10.08.2011 | Canada Business

OTTAWA - North American markets are likely to face more selling pressure today following a downgrade in the United States' credit rating and a worseni...