Italy's electoral earthquake has rocked the foundations of the euro zone, plunging financial markets into turmoil and reigniting fears for the European currency’s survival. Well over half of the Italian electorate voted for former Prime Minister Silvio Berlusconi or the anti-establishment comic Beppe Grillo in the election held Sunday and
Political Deadlock In Italy Brings Europe Back To The Brink
A woman begs in downtown Milan, Italy, Wednesday, Feb. 27, 2013. Italy has seen its borrowing costs jump after an inconclusive election that has raised fears Europe’s government debt crisis will flare up again. The country sold €4 billion in 10-year bonds Wednesday at a yield of 4.83 percent, way up from 4.17 percent last […]