Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Italy pays record debt interest

Italy pays record debt interest | Countdown to Financial Armageddon | Scoop.it

Italy has to pay more to borrow money at its latest bond auction, despite passing new austerity measures last week. Italy sold 3bn euros ($4.2bn, £2.6bn) worth of 5-year bonds at a 6.29% yield on Monday, a new eurozone record.

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Italy PM 'loses majority' of MPs

Italy PM 'loses majority' of MPs | Countdown to Financial Armageddon | Scoop.it

Italian Prime Minister Silvio Berlusconi has lost his parliamentary majority, despite winning a vote on the budget, the opposition says...

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Italy's economic reforms 'lack credibility'

Italy's economic reforms 'lack credibility' | Countdown to Financial Armageddon | Scoop.it

A member of the European central bank's governing council has warned it may stop buying Italian debt if the government fails to reform.

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Humiliated Berlusconi 'agrees to IMF oversight' of austerity measures

Humiliated Berlusconi 'agrees to IMF oversight' of austerity measures | Countdown to Financial Armageddon | Scoop.it

Silvio Berlusconi, the Italian Prime Minister, has agreed to allow International Monetary Fund oversight of the debt-ridden country's progress
in implementing austerity measures.

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Naughty schoolboy Berlusconi heads to summit with minimum reform promise

Naughty schoolboy Berlusconi heads to summit with minimum reform promise | Countdown to Financial Armageddon | Scoop.it

ROME (Reuters) - Italian Prime Minister Silvio Berlusconi is expected to give a European summit on Wednesday only vague promises of economic reform instead of the firm undertakings demanded by European...

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Italy economic crisis: Fears UK could be dragged into second recession

Italy economic crisis: Fears UK could be dragged into second recession | Countdown to Financial Armageddon | Scoop.it

Experts said Britain would be dragged into a second recession unless eurozone leaders get a grip on the debt crisis.

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Greece was so last week! Italy on the brink

Greece was so last week! Italy on the brink | Countdown to Financial Armageddon | Scoop.it

The cost for the Italian government of borrowing for 10 years has risen to a new euro high of 6.6%.

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Singing for his supper on the streets of Cannes? Financial crisis forces Berlusconi to delay release of latest love song CD

Singing for his supper on the streets of Cannes? Financial crisis forces Berlusconi to delay release of latest love song CD | Countdown to Financial Armageddon | Scoop.it

Rolling economic storm clouds scupper the publishing date of the Italian prime minister's "True Love" album...

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Greece doesn't feel quite so left out anymore: Italian debt soars on EU bail-out fears

Greece doesn't feel quite so left out anymore: Italian debt soars on EU bail-out fears | Countdown to Financial Armageddon | Scoop.it

Fears over the ability of the eurozone bail-out to protect the region's embattled members have been heightened after Italy was forced to pay the
highest price to issue debt since the launch of the euro.

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