Giulio Tremonti

There has been growing talk that China will soon increase its purchases of Italian debt in a move that Italian officials hope will drive down Italy's borrowing costs. Italian Finance Minister Giulio Tremonti is said to have met with Lou Jiwei, the head of the Chinese sovereign wealth fund China...

Millions of Italians across Italy are thought to be taking part in a general strike to protest against their government's proposed austerity measures that were expected to amount to 45.5 billion euros. The strike is disrupting everything from transportation to manufacturing, with government offices...

Germany is downplaying speculation that a Tuesday meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy will result in some sort of agreement to create eurobonds backed by all of the eurozone members. Steffen Seibert, a spokesman for the German government, said a day...

With the recent news of a possible resignation by Italy's economic minister, Giulio Tremonti, it appears that Italy is experiencing a debt crisis on the scale of which Europe has never seen. Aside from Greece, Italy has the euro zone's highest sovereign debt ratio relative to its economy....