Monthly Archives: November 2011

Berlusconi and Papandreou Ready to Resign Over Economic Doubts

Earlier on Tuesday, Italian Prime Minister Silvio Berlusconi gave his statement of resignation. Berlusconi announced his decision to resign from office after a series of contentious issues surrounding the debt…

World Markets Tremble as Interest Rates Spike in Italy

On Tuesday, the financial community celebrated as Italy’s Prime Minister Silvio Berlusconi tendered his resignation. Today, the euphoria died down considerably. In fact, the financial community has started swinging in…

IMF More Concerned About Risks of Global Recession

The IMF is more concerned than ever about the possibility of a double dip recession. The The entire world has voiced concerns that the debt crisis in the EU nations…