The symbol of the new Italy, Prime Minister Mario Monti, is to meet with President Barack Obama. However, just like in 1992-1993, the window of opportunity in which he is operating will probably soon close if parties let domestic and self-interest considerations take over on a national imperative for permanent change. Read More
There are three key periods of the current stock market rally, Graham Neilson, chief investment strategist, Cairn Capital, told CNBC Wednesday. Read More
Where is Greece's Papademos? Where is Mario Monti? What happened to the prime ministers of Spain and Portugal? Were they not invited to the Davos Summit? Surely, they were. Read More
The US is at the top of the list of downgrade candidates because its debt and deficit troubles are unlikely to be resolved with the political infighting in Washington, a new study says. Read More
Italian Coast Guard Capt. Gregorio De Falco became famous for shouting at cruise ship Captain Francesco Schettino to get back on board the sinking vessel. "Get on board, d---!" he screams in Italian. Read More
It is unclear the extent to which the downgrades will alter the function of the international monetary system over time. It is also unclear how material the incremental headwinds blowing out of Europe will be for countries already facing internal fragilities. Read More
The stock market is on edge ahead of the first debt sales of 2012, as Spanish and Italian bonds auctions are scheduled to take place on Thursday and Friday. Read More