Senior Correspondent, Greece
Deepa's Feed
Nov 4, 2011
Nov 4, 2011
Nov 4, 2011

Scenarios: Greek political drama moves into high gear

ATHENS (Reuters) – Whatever the outcome of Greece’s confidence vote on Friday, political instability will almost certainly keep markets guessing whether Athens will be able to ratify a 130 billion euro bailout deal in time to avoid a messy default in December.

Greece has to pay nearly 3 billion euros in bonds maturing in December with big bills falling due from December 19 onwards. Finance Minister Evengelos Venizelos told parliament on Thursday the state can meet its obligations until December 15.

Nov 4, 2011
Nov 4, 2011
Nov 4, 2011
Nov 4, 2011
Nov 4, 2011
Nov 3, 2011

This time it may be curtains for showman Berlusconi

ROME (Reuters) – Silvio Berlusconi was already in deep trouble under the weight of sex scandals, political setbacks and judicial investigations before Italy’s financial problems put his career on the skids.

It is a far cry from 2008 when a landslide victory gave one of Italy’s richest men his strongest electoral mandate.

Nov 3, 2011