Editor Southern Europe
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Nov 10, 2011

New Italian government seen within days

ROME, Nov 10 (Reuters) – Former European Commissioner
Mario Monti emerged on Thursday as favourite to replace Silvio
Berlusconi at the head of an emergency government as Italy’s
politicians rushed to ward off a crisis that is endangering the
entire euro zone.

Dithering politicians seemed finally to have got the message
overnight after Italy’s borrowing costs soared way above
sustainable levels, and Monti was expected to be appointed
within days to try to restore Rome’s credibility.

Nov 10, 2011

Euro zone split fears as EU dithers on Italy

ROME/BERLIN (Reuters) – Political and economic crisis in Italy spurred fears of a split in the euro zone with borrowing costs for Europe’s third biggest economy at unsustainable levels and the bloc unable to afford a bailout.

EU sources told Reuters that French and German officials had held discussions on a two-speed Europe with a smaller, more tightly integrated euro zone and a looser outer circle.

Nov 10, 2011

Crisis in Italy spurs fears of euro zone break-up

ROME/BERLIN, Nov 10 (Reuters) – Political and economic
crisis in Italy spurred fears of a split in the euro zone with
borrowing costs for Europe’s third biggest economy near
unsustainable levels and the bloc unable to afford a bailout.

The escalating crisis prompted European Commission President
Jose Manuel Barroso to issue a stern warning of the dangers of
splitting the zone. EU sources told Reuters French and German
officials had held discussions on just such a move.

Nov 10, 2011

Italy at breaking point; fears grow of euro zone split

ROME/BERLIN (Reuters) – Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi’s insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone.

European Commission President Jose Manuel Barroso issued a stern warning of the dangers of splitting the zone, rocked by an escalating debt crisis. EU sources told Reuters French and German officials had held discussions on just such a move.

Nov 9, 2011

Italy at breaking point, Merkel calls for “new Europe”

ROME/BERLIN (Reuters) – Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi’s insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.

In a dramatic escalation of the euro zone debt crisis, Italian 10-year bond yields shot above the 7 percent level that is widely deemed unsustainable, reflecting an evaporation of investor confidence and prompting German Chancellor Angela Merkel to issue a call to arms.

Nov 9, 2011

Berlusconi resignation fails to convince markets

ROME, Nov 9 (Reuters) – Prime Minister Silvio Berlusconi’s
pledge to resign after implementing economic reforms did nothing
on Wednesday to staunch a perilous collapse in market confidence
in Italy.

Financial markets have been clamouring for weeks for
Berlusconi to depart because of his failure to push through
painful austerity measures.

Nov 9, 2011

Europe debt crisis brings down Italy’s Berlusconi

ROME/ATHENS (Reuters) – - Italian Prime Minister Silvio Berlusconi became the biggest political casualty of Europe’s debt crisis on Tuesday when he announced he would step down after being stripped of his majority in parliament.

Berlusconi said he would leave office after parliament approves a budget law that includes reforms demanded by Europe, which is struggling to prevent the debt crisis from spreading to the third largest economy using the euro single currency.

Nov 9, 2011

Berlusconi to resign after parliamentary setback

ROME (Reuters) – Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority.

Berlusconi confirmed a statement from President Giorgio Napolitano that he would step down as soon as parliament passed urgent budget reforms demanded by European leaders after Italy was sucked into epicenter of the euro zone debt crisis.

Nov 8, 2011

Showman Berlusconi finally sunk by markets

ROME (Reuters) – Silvio Berlusconi dominated Italy for 17 years with a unique mix of political talent and brazen behavior but in the end it was market pressure from abroad that brought him down.

Berlusconi confirmed on Tuesday that he would stand down after a new budget law is approved in parliament.

Nov 8, 2011

Berlusconi will resign, says Italian president

ROME (Reuters) – Italian Prime Minister Silvio Berlusconi will resign following a humiliating vote in parliament on Tuesday, President Giorgio Napolitano said.

The president said after meeting Berlusconi that the 75-year-old prime minister would step down as soon as parliament passed urgent reforms demanded by euro zone leaders to cut Italy’s huge debt and boost stagnant growth.

    • About Barry

      "I am the Editor or cluster chief in charge of Italy, Spain, Portugal and Greece. I have previously worked all over the world in a long career with Reuters which has taken me from Asia to the United States. My positions have included Americas production editor, World Desk editor, Middle East Editor and Africa editor. I recently planned our multi-media coverage of the soccer World Cup in South Africa and reported extensively on the tournament and its impact on the continent. I will be based in Rome from November"
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