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Government debt costs soar in Spain, slump in U.S.
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.
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Olive oil price hits 10-year low
May 28, 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.
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Earthquake halts cheese production in 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.
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Markets running scared as European fears return
Apr 11, 2012
U.S. stocks had their worst day of the year yesterday, in part because analysts say the European debt crisis is back after months of relative calm.
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Italian police seize $6 trillion in fake bonds
Feb 17, 2012
Yep, that’s trillion with a “T”.
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Cruise ship industry impacted by disaster
Jan 16, 2012
What will the future hold for the cruise ship industry after a tragedy off the Italian coast?
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Italy allows businesses to open for 24 hours
Jan 4, 2012
In an effort to boost the economy, Mario Monti announced that Italian businesses can now stay open at all hours. That has some Italian shopkeepers worried.
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European bond, debt issues wear on
Dec 29, 2011
In Greece, tax collectors are on strike to protest benefit cuts while in Italy, the government was able to borrow $9 billion to help pay for services, but banks willing to lend also demanded a high return.
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Italian bond sale, Iranian threat impacting markets
Dec 28, 2011
Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.
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Italian lawmakers vote on austerity measures
Dec 16, 2011
A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?
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