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‘Saving Italy': Mario Monti’s 13 months in power

NEW GOVERNMENT  Italy's premier-designate Mario Monti speaks to the media after finishing his meetings with Italian political leaders and organizations' representatives at the Senate, in Rome, Tuesday, Nov. 15, 2011. Monti will propose the new government to the Italian president Giorgio napolitano on Wednesday.  AP PHOTO/GREGORIO BORGIA

From his dramatic rise to power as Italy seemed headed for bankruptcy to eurozone crisis fighting and austerity measures at home, Prime Minister Mario Monti’s 13 months in office were tumultuous.

Posted: December 22nd, 2012 in Latest News Stories,World | Read More »

EU strives to contain Greek debt storm

LUXEMBOURG — Europe has tried to set up a firewall between the financial turmoil ravaging Greece and the destinies of Ireland and Portugal, the two other bailed-out eurozone countries, and increased pressure on Athens to pass new austerity measures in exchange for saving it from default. Eurozone governments on Monday agreed to reinforce their bailout […]

Posted: June 21st, 2011 in Latest News Stories,World | Read More »

Another village training in Boracay

ILOILO CITY—Barangay captains of Iloilo City spent three days in Boracay Island last week for an “educational tour” , despite a government memorandum on austerity measures and out-of-town trips. Roberto Divinagracia, president of the Association of Barangay Captains and ex-officio member of the city council, confirmed that 120 of the city’s 180 barangay captains were […]

Posted: June 1st, 2011 in Headlines,Regions | Read More »