austerity

Berlusconi Shown the Door

Nov 9, 2011
Italian Prime Minister Silvio Berlusconi has powered his way through political crises with all the subtlety and grace of a battering ram, but in the end, he couldn't fix Italy's foundering economy. So, Il Cavaliere (The Knight) is about to lose his occupazione (job).

So Long, Silvio?

Nov 7, 2011
Either Italian Prime Minister Silvio Berlusconi is in serious denial mode or he's about to pull off a recession-defying stunt of unprecedented proportions, as pressure is mounting for the embattled PM to follow the fresh example of his Greek counterpart (more).
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Greek Parliament Passes Austerity Package

Oct 21, 2011
While the international media zoomed in on Libya on Thursday, another important story was unfolding in Athens, where two days of strikes and protests failed to sway parliament members from passing a bill of austerity measures the Greek government insisted was necessary to avoid an even more catastrophic economic mess.

Naomi Klein on Riots and Resistance

Aug 17, 2011
Britain's riots were not political, we are assured, and looting is simply un-British, but "Shock Doctrine" author Naomi Klein takes a different view: From Iraq to Argentina, when corrupt elites pass the bill to the struggling masses, civil unrest is to be expected.