Eurozone

Budget Battles

  • Greece: New PM Later Today

    By DEREK GATOPOULOS

    Greece will get a new prime minister later Tuesday, senior government officials promised, as European nations ratcheted up the pressure for a swift resolution to the political crisis in Athens.

  • Berlusconi Loses Majority

    By SIMONE FOXMAN, Business Insider

    PM Silvio Berlusconi just won a procedural budget vote in the lower house of the Italian Parliament, but without an absolute majority.

  • Berlusconi Scrambles to Survive Debt Crisis

    By Anthony Faiola

    ROME — With his nation swept up in a mounting debt crisis, Italy’s embattled Prime Minister Silvio Berlusconi is scrambling to shore up his political base ahead of a vote in Parliament later Tuesday...

  • Greek Leaders Hammer Out Gov't Plan

    By COSTAS KANTOURIS and DEREK GATOPOULOS, Associated Press

    Rival Greek political parties were hammering out a historic power-sharing deal Monday to secure a euro130 billion ($179 billion) rescue package, but markets remained wary and European leaders kept up...

  • Berlusconi Denies Rumors He Will Resign

    By FRANCES D'EMILIO and VICTOR L. SIMPSON, Associated Press

    Italy's borrowing rates spiked to a new euro high Monday and talk of early elections grew, as pressure mounted on Premier Silvio Berlusconi to resign so a new government could pass the economic...