Trump’s shock-and-awe approach to transition is both shocking and awful
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This week a flurry of controversial and extremist picks for Trump’s cabinet
came at a hectic pace with a level of provocation that made heads spin
“Welco...
43 minutes ago
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A set of austerity measures cleared the Italian Senate by a vote of 156-12. The lower chamber of Parliament will vote Saturday, and Prime Minister Silvio Berlusconi has said he will step down once the reforms are passed.
ReplyDeleteIn a sign of confidence from investors, Italy's borrowing costs fell sharply. The yield on benchmark Italian 10-year bonds fell to 6.48 percent, safely below the crisis level of 7 percent reached earlier this week.
Greece, Ireland and Portugal all required international bailouts after their own borrowing rates passed 7 percent. The Italian economy would not be so easy to save. It totals $2 trillion, twice as much as the other three countries combined.