Debt Crisis, Italy Debt Crisis | featured news

(Image from article: "Italy at breaking point, Merkel calls for "new Europe"")

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Analysis: Europe's debt crisis to shake corporate America

The shock waves of Europe's debt crisis will take a toll on corporate America, particularly sellers of cars, consumer products and basic materials that generate significant revenue on the continent.

Italy at breaking point, Merkel calls for "new Europe"

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.

Senh: Europe's third largest economy is in need of a bailout that the euro zone can't afford. Holy moly. It feels like a domino effect now. First Greece, now Italy. More holes to plug. Hopefully, Italy is the last one.

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