Monti Calls for EU Summit to Confront Populism

Italian Premier Mario Monti on Saturday proposed a special European summit to confront growing populism in the face of the continent’s financial crisis. “We are in a dangerous phase,” Monti said on the sidelines of the Ambrosetti Forum on Lake Como after meeting with European Union Council President Herman van Rompuy. He said a divisive … Continue reading

Spain, Italy slide further into euro zone crisis

(Reuters) – Spain and Italy faced growing market pressure on Monday, stoking fears of a new phase in the euro zone debt crisis as Madrid’s budget problems threatened to drag in other southern European economies. Yields on Spanish 10-year bonds have climbed over 6.1 percent, nearing levels that caused general market panic when Italy was in the … Continue reading

A Tale of Two Technocracies: The Diverging Paths of Europe’s Crisis Countries

Though the continent’s collected prime ministers will no doubt again pledge to do all that’s within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent’s fate ultimately rests on the quiet, technocratic governments of Italy and Greece. Unfortunately, those administrations have since seen their fortunes diverge … Continue reading