Stocks are dropping sharply as investors worry that Italy could be seized with political paralysis, stymieing the country's economic reforms and causing another flare-up in the region's debt crisis.
Italy's prime minister has warned of a potential disaster for the European Union if its leaders don't cooperate and find a way to keep interest rates on Italy's national debt down.
Italian cruise line Costa Crociere SpA has announced new safety measures following the deadly grounding of its ship off Tuscany, saying it will now have real-time tracking of its ships' routes and will impose limits on captains' absolute authority.
The operator of the capsized Italian cruise ship Costa Concordia says work to remove the vessel from its rocky perch off Tuscany will begin early next month and is expected to take 12 months.
Yesterday I paid a landscaper a pretty penny to blow all of my leaves to the curb for the usual second pick up of the season, only to find out they will not be picked up. My next door neighbor called and the official answer he got is...."the town is broke."
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