Dec 10, 2012 Italy, the third biggest economy in the euro zone, has been plunged into political turmoil as Prime Minister Mario Monti has announced plans to step down.
Jul 24, 2012 A number of Southern Italian cities, including the entire province of Sicily, are on the verge of bankruptcy.
Jul 13, 2012 In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.
Jun 29, 2012 European leaders have settled on a new way to bail out banks. The structure will allow the EU to prop up troubled banks directly. It's the kind of change Spain, Italy and other struggling eurozone countries were looking for.
Jun 21, 2012 What are Italians talking about these days? Soccer. But the eurozone crisis is still keeping people on edge.
Jun 21, 2012 Italians are holding out hope that a meeting of European leaders on June 28 will prove to be a turning point in the euro crisis.
Heidi N. Moore
May 30, 2012 Spain now pays more than 6.6 percent on its 10-year bonds. The U.S. pays just over 1.6 percent. Eurozone debt, however, may yet hurt both sides of the Atlantic.
May 29, 2012 As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
May 24, 2012 People in northern Italy are still dealing with the aftermath of the earthquake this week that killed seven. It struck hardest in some of Italy's richest farmland and ten percent of the world's supply of Parmesan has been affected.