Disgraced ex-PM Berlusconi seeks comeback in Italy

Globe and Mail

Disgraced ex-PM Berlusconi seeks comeback in Italy USA TODAY Comments. Media magnate seeks return to prime minister's post after Mario Monti announces his resignation. berlusconi. Italian former prime minister Silvio Berlusconi speaks to the press in Milanello on Dec. 8. (Photo: Giuseppe Cacace, AFP/Getty Images) ... Monti resignation causes fears of renewed euro turbulenceThe Guardian Europe backs Monti reforms as Italy crisis hits marketsReuters Berlusconi's surprise election bid batters Spanish bondsGlobe and Mail Telegraph.co.uk -Businessweek -Wall Street Journal all 4,072 news articles »

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Monti resignation causes fears of renewed euro turbulence

The Guardian

Monti resignation causes fears of renewed euro turbulence The Guardian European leaders watched Italy with a mounting sense of alarm yesterday as renewed political turbulence threatened to end months of relative calm over the euro and spill over into Spain. They rushed to shore up the prime minister, Mario Monti, after his ... Disgraced ex-PM Berlusconi seeks comeback in ItalyUSA TODAY Europe backs Monti reforms as Italy crisis hits marketsReuters Berlusconi's surprise election bid batters Spanish bondsGlobe and Mail Telegraph.co.uk -Businessweek -Wall Street Journal all 4,072 news articles »

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British artists furious as Greek billionaire behind arts festival 'goes ...

British artists furious as Greek billionaire behind arts festival 'goes ... The Independent British artists and curators claim to have been left out of pocket after a mysterious Greek entrepreneur behind a new cultural festival “disappeared” with most of their works. The inaugural Santorini Biennale on the idyllic Aegean island was meant to ...

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Italian election means new stress for eurozone

Italian election means new stress for eurozone

Associated Press


Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Updated 12:04 p.m., Monday, December 10, 2012

[...] Italy's Prime Minister Mario Monti unexpectedly announced he was going to resign, pulling the plug on a government that had boosted confidence in the country's ability to manage its debts.

The prospect of a return to a shaky government and finances has suddenly put new strains on the leaders of the 17-strong group of European Union countries that use the euro and their efforts to bottle up the region's debt and economic crisis.

Greece faces skepticism that it can keep paying its debts despite €240 billion in bailouts and Spain is still weighing whether to ask for a rescue from the eurozone's bailout fund.

Since it took office in November 2011 — after markets lost confidence in Premier Silvio Berlusconi's half-hearted attempts at reform — Monti's 13-month old government has managed to lower Italy's borrowing costs in the bond markets — albeit with help from the European Central Bank and its offer to buy short-term debt.

The bond purchases would have to be preceded by a formal request for financial help from the European Stability Mechanism, the eurozone's bailout fund.

[...] if debt costs continue their rise, some think that could be the spur Italian politicians to move forward with pro-growth steps such as reducing legal protections against layoff for established workers.

Raj Badiani at IHS Global Insight said high bond market interest costs could "force the Italian political classes to refocus on the actions needed to push away intensifying" government debt pressures.

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Greek gambling plan branded 'a disgrace'

Greek gambling plan branded 'a disgrace' Financial Times The group, which is in the process of being bought by William Hill and its joint venture partner GVC Holdings, is one of 24 online gambling operators which signed interim licences to operate in Greece but which may now have to quit the Greek market.

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European Union Officials Accept Nobel Peace Prize

A ceremony in Oslo brought a rare respite from gloom that has settled on the bloc since the Greek debt crisis exploded three years ago, unleashing doubt about the euro’s long-term viability.

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Vodafone CEO Colao Backs Monti as Italian Prime Minister

Economic Times

Vodafone CEO Colao Backs Monti as Italian Prime Minister Bloomberg Vodafone Group Plc (VOD) Chief Executive Officer Vittorio Colao threw his backing behind Italian Prime Minister Mario Monti, who will step down amid parliamentary opposition and may be offered a second term. “Italy needs a leadership which is competent, ... Monti in talks to run for Italian PMFinancial Times Mario Monti announced he would resign as Italian prime minister over the ...Telegraph.co.uk Mario Monti's success in calming Italy was only superficialThe Guardian (blog) Businessweek -The Australian -Reuters all 3,756 news articles »

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Greece extends buyback offer to Tuesday- debt agency

Greece extends buyback offer to Tuesday- debt agency Fox Business ATHENS – Greece extended a debt buyback invitation that forms part of its international bailout for a day and a half to try to get more offers from bondholders, its debt agency (PDMA) said on Monday. In an offer that had been due to end on Friday ...

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Greece extends debt buyback offer to Tuesday

Economic Times

Greece extends debt buyback offer to Tuesday Economic Times ATHENS: Greece announced it had extended until Tuesday a debt buyback offer, the success of which is key for it to receive bailout funding from the EU and IMF without which it could soon go bankrupt. "We have decided to extend the invitation to offer ...

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Italy's Mario Monti plays for time on resignation issue

BBC News

Italy's Mario Monti plays for time on resignation issue BBC News Italy's PM Mario Monti has played down speculation of an imminent resignation, saying he is focused on "completing his mandate" before 2013 elections. Italy's main stock index fell 2.2% on Monday amid reports he was to quit and that former premier Silvio ... Monti's Exit Pushes Up Italy Yields in Test for EU LeadersBusinessweek Monti Says Not Considering Running in Elections at This TimeBloomberg Monti not currently considering whether to stand in electionsReuters Washington Post -Telegraph.co.uk -New York Times all 3,611 news articles »

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Greece Requests Higher Bid for State Lottery

Greece Requests Higher Bid for State Lottery Wall Street Journal Greece has only raised about 1.6 billion euros ($2.07 billion) since its first bailout loan in May 2010 and has acknowledged that it will miss this year's goal of EUR3 billion from privatizations. The country's early goal of raising a mammoth EUR50 ...

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Democracy Now!: A "Radical Idea" Reversed: Author Says Nobel Committee Has Betrayed Founder's Anti-Military Intent

For years, the Norwegian Nobel Peace Committee has faced criticism over its secrecy and selections, perhaps most notably in 1973 when Henry Kissinger won the...

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Vivian Norris: Why I Am Proud to Be (Also) European Today

Congratulations to the European Union today on its well-deserved Nobel Peace Prize! And as we toast Europe we can know that across this great continent there are many millions of proud Europeans who feel that they are closer now than ever before, and focused on solutions and a better future for all.

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Greece Extends Deadline for Debt Buyback

Business Recorder

Greece Extends Deadline for Debt Buyback New York Times LONDON — Greece, on the verge of completing a crucial plan to reduce its debt burden, extended for another two days the deadline for foreign investors and Greek banks to sell their deeply discounted bonds back to the government. Announced a week ago, ... Greece extends buyback offer to reach 30 billion-euro targetReuters Greece Extends Debt Buyback OfferWall Street Journal Greece Extends Debt Buyback Deadline After Nearing TargetBusinessweek Fox Business all 831 news articles »

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Imagine the top rate of tax starting at £21000. For Greece, it's a reality

Telegraph.co.uk (blog)

Imagine the top rate of tax starting at £21000. For Greece, it's a reality Telegraph.co.uk (blog) In it Yiannis Stournaras, the aforementioned minister, explains exactly how powerless the Greek state has become since it accepted the bailouts and rule by the troika of the IMF, European Central Bank and European Commission. This is what happens when ... Greece Whacks Self-Employed On TaxesGreek Reporter all 2 news articles »

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Italian shares hit by Mario Monti departure

BBC News

Italian shares hit by Mario Monti departure BBC News Italian stocks have fallen sharply, reacting to news that Prime Minister Mario Monti plans to resign and former premier Silvio Berlusconi is to run for office again. The main Italian stock index fell 2.3%. Other indexes throughout Europe were also lower, with ... Europe backs Monti reforms as Italy crisis hits marketsReuters Italy Vote Will Test EU Nobel Winners After Greek BuybackBusinessweek Eurozone crisis live: Mario Monti's resignation pledge spooks marketsThe Guardian Wall Street Journal (blog) -Hindustan Times -Jerusalem Post all 3,689 news articles »

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Greece narrows Jan-Nov budget gap by 40 pct y/y

Greece narrows Jan-Nov budget gap by 40 pct y/y Reuters ATHENS Dec 10 (Reuters) - Greece narrowed its central government budget gap by 40 percent in the first 11 months of the year, the finance ministry said on Monday. The figure for the Jan-Nov period, which excludes local authority and social security ...

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Stocks slide after Italy's Monti says he'll quit

Globe and Mail

Stocks slide after Italy's Monti says he'll quit USA TODAY Search. Close. Stocks slide after Italy's Monti says he'll quit. Greg Keller, Associated PressShare. Comments. Mario Monti, prime minister of Italy, atteneded the World Policy conference in Cannes, France, Saturday, Dec. 8, 2012. (Photo: Lionel Cironneau, AP) ... Italy Vote to Test EU Nobel Winners After Greek BuybackBloomberg Italian political uncertainty sends markets into spinReuters Monti decision to go rattles marketsFinancial Times The Guardian -Telegraph.co.uk -Wall Street Journal all 3,303 news articles »

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German finance ministry says counts on Greek buyback success

Kathimerini

German finance ministry says counts on Greek buyback success Fox Business German finance ministry says counts on Greek buyback success. Published December 10, 2012. Reuters. BERLIN – The German finance ministry is counting on Greece's debt buyback operation being successful as this is central to the euro zone's rescue ... Bavarians receive Greek PM Samaras with words of supportKathimerini Greek PM: Debt buy back procedure went "very well"Chicago Tribune Qatar eyes investment in Greek defence sectorBDlive StarNewsOnline.com -Bangkok Post -Reuters all 146 news articles »

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Europe hails "great" Monti as Italy crisis hits markets

Brisbane Times

Europe hails "great" Monti as Italy crisis hits markets Reuters By James Mackenzie. ROME | Mon Dec 10, 2012 8:10am EST. ROME (Reuters) - European partners heaped praise on outgoing Italian Prime Minister Mario Monti on Monday, and called for the next government to stick to his reform agenda after his surprise ... What does Silvio's return mean for Italy?CNN International Does Monti Matter?Wall Street Journal Eurozone crisis live: Mario Monti's resignation pledge spooks marketsThe Guardian Bloomberg -Telegraph.co.uk -Washington Post all 3,083 news articles »

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Greece extends buyback offer to reach 30 billion euro target

Business Recorder

Greece extends buyback offer to reach 30 billion euro target Reuters ATHENS/BRUSSELS (Reuters) - Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros. The buyback is designed ... Greece Extends Debt Buyback OfferWall Street Journal Greece received 26.5 billion euros in buyback bids by end-Friday: officialFox Business Greece extends deadline on vital bond buyback plan for a dayWashington Post Businessweek -Channel News Asia all 802 news articles »

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