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Italy 'More Corrupt than Cuba and Kuwait'

Italy is the most corrupt country in the eurozone, along with Greece, and has scored less than Cuba, Saudi Arabia and Ghana in the 2011 Corruption Perception Index, compiled by German-based NGO Transparency International.

A Tale of Two Nations - Professionals to Help Greece and Italy Weather Crisis

It’s the turn of professionals to find a solution to the debt crisis of two beleaguered nations, Greece and Italy, which shook the very existence of eurozone. Now the political leadership of these two nations is going to be in the hands of technocratic economists in the desperate bid to lead them out of the debt trap.

Crisis Spreads as Alarm Signals Emerge for Asia too

It is time Karl Marx's classic opening statement of the Communist Manifesto is reworded into something on the lines of: "A spectre is haunting Europe ­- the spectre of a double dip. All the powers of Europe have entered into a holy alliance to exorcise this spectre."

Greek Debt Crisis: New Prime Minister by End of the Day

After 48 hours of political deadlock, Greece will name its new prime minster by the end of the day after the outgoing premier, George Papandreou, and opposition leader, Antonis Samaras, reached a consensus with the country’s president Carolos Papoulias yesterday evening.

Storm in the Tea Cup: Milk Prices Shoot-up as Euro Drops

The decline of the Euro has now made its impact felt on the price of milk and the cup of morning tea. The prices of milk, in the European Union (EU), rose in September, led by higher payments to farmers by dairies in Germany, France and the UK, as the Euro's decline boosted exports.

Euro Gets Priority Over Greece at G-20 Meeting

World leaders are burning the midnight oil on Wednesday, in an effort to end the Eurozone crisis. They have collectively made it clear saving the Euro is more important than the outcome of the Greek referendum.

FTSE Opens Higher as Greece Proceeds with Referendum

Greek Prime Minister George Papandreou has decided to go ahead with his decision to conduct the referendum to decide on his country's future with European Union, brushing aside the market turmoil caused by his announcement Monday as "short lived."