The ultimate lesson behind the Monti story in Italy is that, in the short to medium term. Europe’s economic health and its …
Italy
Strapped Europeans Swap Cars For Bikes
Italy is home to Ferrari and Lamborghini, two of the world’s most legendary automakers. But the country’s troubled economy has forced an increasing number of Italians to downside the number of wheels on their vehicles: For the …
Europe’s Debt Crisis Seems Bad? Look at Its Car Industry
Think the bleak news flowing from Europe’s debt crisis is depressing? Check out the region’s auto industry, whose tumbling sales and excess production capacities have many experts anticipating a spate of mass layoffs and …
Italy’s Newest Museum: Dante, Moliere and…Personal Finance
The Museum of Saving opened its doors in Turin, Italy last month, with a mission to bring personal finance to life. Financial education is being taken seriously around the world.
Why Spain’s Big Bank Bailout Is Really a Big Bust
Spain’s banks received a pledge for a huge rescue package from the European Union over the weekend. But some experts believe the bailout may end up causing more pain for the Spanish government in the long run
Euro Crisis: Is the Currency (Finally) Doomed?
Since the start of Europe’s debt crisis in 2009, there has been a steady drumbeat of predictions that the euro is doomed. The problems were too intractable, the debts too large, the political will too feeble. So far, the …
Which Advanced Economy Has the Most Debt?
With all the talk of Greece’s impending exit from the euro zone, debt is once again in the headlines. Greece’s massive public sector debt, coupled with its inability to devalue its currency, has put the country at risk of …
European Voters Have Rejected Austerity—So What Happens Next?
In the Wake of the Costa Concordia Tragedy, Cruise Prices Drop By 12%
As images of the sinking Costa Concordia filled newspapers and TV and computer screens all over the world in mid-January, it seemed inevitable that the disaster would cause become a disaster for the cruise industry as a whole. By …
Europe’s Debt Crisis: Back from the Brink?
So it looks like Greece will dodge a default, at least for now. The Greek parliament passed a new $4.4 billion austerity package on Sunday, which includes a painful 22% cut in the minimum wage and 150,000 public sector job …
TIME’s Interview With Italian Prime Minister Mario Monti
This week’s edition of TIME International features an interview with Italian Prime Minister Mario Monti (subscribers can read the story here). In the mean time, check out our video interview with Italy’s new leader.
Why the Eurozone Can’t Just Muddle Through
There’s a growing optimism that the common European currency can be saved, but the numbers argue that this is unrealistic.
