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  • Italy Faces Credit Rating Cut

    A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro...

  • Italy Approves Austerity Measures

    Italy's new prime minister said his government has approved a package of emergency budget measures worth more than $40 billion (30 billion euros) that will help pull Italy back from the brink of bankruptcy. Mario Monti said Sunday the measures includ...

  • Italy PM Sells Austerity Measures to Politicians

    Italian Prime Minister Mario Monti met with party leaders Saturday to build support for his proposed austerity measures as European leaders work to confront the continent's debt crisis. The government has not officially released details of the measur...

  • Italy adds new HIV infection every 3 hours

    MILAN, Italy, Dec. 1 (Xinhua) -- Italy has a new HIV infection every three hours on average, the national department of health said in a statement during the World AIDS Day commemoration Thursday. According to the statement, there were about 3,000 ne...

  • Greece, Italy Struggle with Economic Woes

    Greece is predicting that its budget deficit will decrease sharply next year, even as its economy continues to contract and unemployment increases. The interim Greek government unveiled its 2012 austerity budget to Parliament Friday. It says the spen...

  • Italy's Monti Sets Agenda for New Government

    Italys new prime minister, Mario Monti, said on Thursday the country faces a major emergency, and promised rigor and fairness in sweeping reforms to dig Italy out of a major financial crisis. Prime Minister Mario Monti, sworn in at the presidential p...

  • S&P Cuts Italy's Credit Rating

    Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl...

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