Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the Euro area danger zone and prompting emergency consultations in Rome and among European capitals.
European Union finance ministers pledged to beef up a rescue package for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening to engulf Silvio Berlusconi’s Italy and Socialist Spain.
President Cristina Fernández de Kirchner said that the restructuring of Argentina’s debt allowed the resumption of relations with Italy, and in human rights, art and culture Argentina was back in the world map with ‘a bang’.
Argentine president Cristina Fernandez de Kirchner invited Italian business-people to invest in Argentina underlining the close links between the two countries and the fact her visit was the re-launching of normal relations after a decade.
Italy’s Treasury said it will “intensify” structural changes in the economy and push ahead with measures to balance the budget by 2014 after Standard & Poor’s said its debt rating is at risk of a downgrade.
Italy is urging other European countries to take a greater share of the immigrants pouring across from North Africa. The tiny island of Lampedusa is just south of Sicily and only 150 kilometers from the Tunisian coast and has borne the brunt of the flood of refugees.
Chilean President Sebastián Piñera arrived in Italy this week for a three-day visit to Italian Prime Minister Silvio Berlusconi and the Vatican. It comes at a difficult time for Berlusconi, who is in the middle of a scandal and allegations of tax fraud and consorting with under-age prostitutes.
Italian Primer Minister Silvio Berlusconi is selling his ostentatious Villa Certosa in the island of Sardinia very much celebrated for some of the controversial private parties with prostitutes and teenagers he organized and were widely captured on film.
The association agreement between the European Union and Mercosur has to go “beyond tariffs and subsidies”, said Brazilian president addressing businessmen from Brazil and a visiting Italian delegation headed by Prime Minister Silvio Berlusconi.
Italian Prime Minister, Silvio Berlusconi, expressed his support for the idea that Brazilian President Lula da Silva should run for president once again in the Brazilian presidential elections of 2014.