Italian Senate has approved the expulsion of former Italian Prime Minister Silvio Berlusconi from parliament. CNBC's Michelle Caruso-Cabrera offers details.» Read More
Fears that Italy, the world's third largest debtor nation, cannot afford its obligations shook world markets, sending investors into the relative safety of the U.S. dollar and Treasurys.
Italy's problems looked far from over Wednesday as its stocks fell sharply (FTSEMIB) and the yield on Italian 10 year bonds shot above the important 7 percent mark.
Is the news out of Europe impacting the markets rally? Insight on whether Europe's debt issues might cause investors to invest in Italian bonds now, with Rob Stein, Astor Asset Management and Jeffrey Saut, Raymond James.
Discussing the pending resignation of Italy's PM, Silvio Berlusconi, and the chronic euro zone crisis, with William Rhodes,Citigroup senior advisors.
The Fast Money traders weigh in on Tuesday's stock rally, after Italy's Berlusconi announcement, and the leap in financials, and CNBC's Eamon Javers puts the Cain sexual allegations in context.
Insight on Italy prime minister's resignation after a budget law is approved, with Keith Springer, Springer Financial Advisors.
CNBC's Ross Westgate and Carolin Schober have the details on the new Greek government and whether Italy may be losing its prime minister.
Silvion Berlusconi gets 308 votes, but that means that he no longer has the majority in the Italian government, with CNBC's Michelle Caruso-Cabrera.
Discussing whether a departure of Prime Minister Silvio Berlusconi would help drive down Italian bond yields, with Gemma Godfrey, Credo Capital. "Things do sound bleak, but there are always opportunities," she says.
CNBC's Ross Westgate discusses the collapse in credibility of Italy's Prime Minister Silvio Berlusconi.
Discussing Italy's debt problems and its impact on the markets, with David Malpass, Encima Global president, and David Goldman, Macrostrategy.com president.
Gold surged to over $1790 an ounce touching a six-week high on Monday as investors continued to pile into the traditional safe haven on an intensifying European crisis that has brought Italy's debt woes into the forefront.
A look at the real situation in Italy that has brought it to the forefront of the European debt crisis, with CNBC's Ross Westgate.
Italian Prime Minister Silvio Berlusconi is feeling the pressure to resign, with CNBC's Michelle Caruso-Cabrera.
With the debt crisis threatening Italy and Berlusconi's status up in the air, what's next for the market? Louise Cooper, BGC Partners, discusses.
The markets are making it clear they think Italy will be better off financially if the country’s Prime Minister, Silvio Berlusconi, steps down. There’s a reason for that.
You're know you're in trouble when the markets go up on speculation you're resigning — that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house — that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote.
"Anyone has to be looking at the Italian confidence vote in Silvio Berlusconi and saying, do we want him to pass it? We need a change in Italy to really get some market sentiment into it, because... at the moment, it really isn't there," Jeremy Cook, chief economist at World First, told CNBC.
"Italy has much more systemic implications than Greece, its debt is larger than the rest of the periphery put together, it is too big to fail, too big to save and we have a government that has not succeeded so far to have the credibility of the markets on its reform program," Thanos Vamvakidis, head of European G10 FX strategy at BoA Merrill Lynch, Global Research, told CNBC.
The German Bundestag has reportedly approved a strengthening of the European Financial Stability Facility. China is waiting, but will make a move soon. The head of the EFSF, Klaus Regling, is going to China and likely other Asian countries to seek money for his fund.