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Financial markets remain keenly focused on Italy's ability to control its public finances and pursue reforms to lift its stagnant economy, Ignazio Visco said on Saturday.
Italy's former Prime Minister Silvio Berlusconi announced his "last great electoral and political battle" on Sunday.
Barack Obama knows a thing or two about winning elections and having pressed Italy's Mario Monti into running for prime minister in next month's elections, the US president is also lending some advice.
Ignazio Visco, governor of the Bank of Italy, tells CNBC that Italian bank Monte dei Paschi di Siena is stable and that the losses were not due to the government hiding information.
A look at the hot topics of conversation at the World Economic Forum in Davos, Switzerland, with CNBC's Andrew Ross Sorkin.
Silvio Berlusconi's center-right coalition is making rapid gains ahead of next month's elections, the latest polls suggest, increasing the possibility that even if the center-left wins as expected it may not be able to form a table Italian government.
As Italian bond yields plummeted last week, CNBC's Bernie Lo caught up with Italy's Finance Minister Vittorio Grilli, and asked whether the low yields were skewed, given the ongoing troubles in Italy's economy.
Adolfo Laurenti, Deputy Chief Economist & MD, Mesirow Financial discusses the impact of the ECB's recent policy decision. He adds that Mario Draghi will likely keep his "powder dry" for policy reasons.
The stage is being set for the battle for the heart of Italy, as warning signs about the state of the country’s economy become more difficult to ignore.
Italian Prime Minister Mario Monti has announced he is heading a new campaign coalition made of up centrists, businessmen and pro-Vatican forces, paving the way for his possible return to office.
Italy's borrowing costs rose slightly at the first auction for long-term debt to be settled in 2013 as thin trading and worries over the U.S. budget weighed on peripheral bonds.
Italy sold all the bills and bonds it aimed to at an auction on Thursday, a few days after outgoing Prime Minister Mario Monti announced he may join the election race to lead a reform-minded centrist alliance.
Former Italian Prime Minister Silvio Berlusconi says he will run for Italian PM if the party asks him to, and that he has been sentenced to four years in prison due to tax fraud, reports CNBC's Michelle Caruso-Cabrera.
Franco Frattini, former Italian foreign minister spoke to CNBC about what role he wants Italian prime minister Mario Monti to play in the upcoming election.
Markets across Europe close mostly lower on "fiscal cliff" concerns, and CNBC's Michelle Caruso-Cabrera reports Mario Monti is expected to make an announcement this week on whether he intends to run for Prime Minister.
Italy awaits Monti's decision on his - and Italy's - political future.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
The German government has warned Silvio Berlusconi not to target Berlin in the run-up to elections early next year after the former Italian prime minister attacked the "German-centric" economic policies of his successor Mario Monti.
Beppe Grillo leader of the Five Star Movement which is number two in the polls in Italy tells CNBC that Mario Monti was a bankruptcy curator sent in by France and Germany to save their money.
Shares of JC Penney are popping today despite a cautious note from JPMorgan on the stock, with the FMHR traders.