Last Updated: Thursday, December 22, 2011, 14:29
Italy's GDP in the third quarter of 2011 dropped by 0.2 percent from the second quarter, marking the first contraction for almost two years, said the country's national statistics agency Istat Wednesday.
Last Updated: Tuesday, November 29, 2011, 20:31
Italy's borrowing costs hit a euro lifetime peak of nearly 8 percent on Tuesday as pressure on euro zone finance ministers intensified to staunch a two-year-old debt crisis that is blighting the world economy.
Last Updated: Tuesday, September 20, 2011, 18:58
The Italian government Tuesday denounced a decision by Standard & Poor's to downgrade its sovereign debt rating, saying the move had been clouded by political considerations.
Last Updated: Saturday, September 17, 2011, 19:25
Moody's international rating agency has extended its review for possible downgrade of Italy's Aa2 local and foreign currency government bond ratings, it said in a statement Saturday.
Last Updated: Friday, August 05, 2011, 13:13
Silvio Berlusconi is currently facing a charge of having sex with an underage prostitute.
Last Updated: Thursday, August 04, 2011, 10:36
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