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November 8, 2011 Saying his resignation was for the good of the country, the Italian leader confirmed he will step aside after Parliament passes a budget that includes tough new austerity measures. Italy's borrowing costs are ballooning as the bond market worries that it hasn't put its financial house in order.

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November 7, 2011 The Italian premier is under pressure to go so that a new government can pass needed economic reforms.

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October 14, 2011 His latest brush with rejection came after the defeat of his government's spending plan. Meanwhile, the country seems headed into recession and his personal scandals continue to drag down its reputation.

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October 7, 2011 Italian leader Silvio Berlusconi is in trouble again, after making an obscene joke at his own ruling party's expense. The quip is the latest in a series of scandals that have nettled the prime minister. And it came at the end of a week that took a deep toll on Italy's economy.

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August 5, 2011 "It's tough to be the Italian house in the deteriorating European neighborhood," PIMCO's head of European portfolio management tells us.

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April 1, 2011 Amnesty International says Italy's government allowed the living conditions of Tunisian migrants to reach a crisis point, with only minimal amounts of water available, and little access to basic sanitary facilities.

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March 3, 2011 Karima El-Mahrough, the Moroccan teenager linked to the sex scandal involving Italian Premier Silvio Berlusconi, will attend the highlight event of Vienna's social season Thursday night, along with a millionaire who is reportedly paying her $55,000 for the trip.

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