BUSINESS
November 8, 2011
U.S. government bond prices dipped Tuesday after Italy's prime minister agreed to resign. Silvio Berlusconi said he would step down once Italy's parliament approves a package of austerity measures. Many in the bond market consider Berlusconi an obstacle to economic reforms needed to help Italy escape a debt crisis. Concerns that Europe's debt crisis would spread have pushed up Italy's borrowing rates. Those concerns have also lowered U.S. rates as traders buy investments seen as relatively safe, such as Treasurys.
NEWS
January 25, 2008 | Frances D'emilio, Associated Press
ROME - Premier Romano Prodi of Italy resigned yesterday after his center-left coalition lost a Senate confidence vote, a humiliating end to a 20-month-old government plagued by infighting. Calling early elections or asking a politician to try to form another government are among President Giorgio Napolitano's options as head of state. Until he decides, Prodi will stay on in a caretaker role. Elected in April 2006, Prodi has had a shaky government from nearly the start. It lurched toward collapse this week after a small Christian Democrat party, whose votes were vital to his Senate...
BOSTON GLOBE
September 9, 2009 | Alessandra Rizzo, Associated Press
ROME - Mike Bongiorno, a TV host who popularized quiz shows for generations of Italians and became a symbol of national television, died of a heart attack at his home in Monte Carlo, the ANSA news agency and satellite TV station Sky Italia said. He was 85. Nicknamed “The Quiz King,’’ Mr. Bongiorno was one of Italy’s most enduring and beloved TV personalities. His gaffes were legendary and his greeting to viewers - “Allegria!’’ or “Cheers!’’ - a trademark. He was so popular that Umberto Eco wrote an essay called the...
NEWS
April 16, 2008 | Alessandra Rizzo, Associated Press
ROME - Silvio Berlusconi is promising to clean up the trash in Naples, save Alitalia airlines and revive the economy. But some fear the new premier will pander to his conservative political base and an anti-immigrant coalition partner rather than confront Italy's woes. As congratulations came pouring in yesterday, including from President Bush and French leader Nicolas Sarkozy, the charismatic media magnate said he would waste no time in getting to work. He will slim the Cabinet to 12 ministers, half the number in the outgoing center-left government, and...
NEWS
November 15, 2011 | By Colleen Barry, Associated Press
ROME - Italy's prime minister-designate Mario Monti said yesterday it was premature to say if the country would require more tough measures to rescue its finances and revive its economy, as he sought enough backing from political parties to form a government. Two days after Silvio Berlusconi resigned, and with investors still nervous about Italy's credibility, Monti spent the day consulting with political parties, then told reporters he could not say when he would have a Cabinet lined up. Pressured by the markets, Parliament...
BOSTON GLOBE
December 22, 2010 | Associated Press
MILAN — Enzo Bearzot, who in 1982 coached Italy to its first World Cup triumph in 44 years, died yesterday in Milan. He was 83 and had been ill for several years. Mr. Bearzot, a beloved coach in Italy, first guided the national team in 1975 and led the squad at the 1978, 1982, and 1986 World Cups. At the 1982 World Cup in Spain, Italy beat West Germany 3-1 in the final after defeating Argentina and Brazil in the second round and Poland in the semifinals. It was Italy’s third World Cup title following success in 1934 and 1938.