NPR : News

Filed Under:

After 'Frenetic' Weekend, Italy Rushes To Limit Financial Damage

It was a weekend "of frenetic political activity" in Italy, as NPR's Sylvia Poggioli said on Morning Edition, and now the race is on there and in Greece to see if new governments can get those nations' economies back on track and head off a further spread of the so-called eurozone crisis.

Italy's Silvio Berlusconi stepped down as premier Saturday. He's been replaced by economist Mario Monti (who is now "premier-designate"). In Greece, central banker Lucas Papademos has replaced George Papandreou as prime minister.

As Reuters says, now "technocrat leaders" are in charge in both countries and they're rushing to show the world's markets that they can address their nations' troubles. Early today, according to The Financial Times, markets were "giving a tentative thumbs up" to Monti and the chances of progress in Italy at addressing its debt problem. But as the trading day in Europe has continued, "markets have backtracked," the FT says. Stock index futures — a signal of how things will go today — are down slightly in New York.

Monti, Sylvia reports, told Italians that his government will focus on economic growth "with greater emphasis on social equity." Berlusconi, she adds, appears "stunned by his rapid fall from government power."

Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

NPR

He Died At 32, But A Young Artist Lives On In LA's Underground Museum

When Noah Davis founded the museum, he wanted to bring world-class art to a neighborhood he likened to a food desert, meaning no grocery stores or museums. Davis died a year ago Monday.
NPR

The Strange, Twisted Story Behind Seattle's Blackberries

Those tangled brambles are everywhere in the city, the legacy of an eccentric named Luther Burbank whose breeding experiments with crops can still be found on many American dinner plates.
WAMU 88.5

State Taxes, School Budgets And The Quality Of Public Education

Budget cutbacks have made it impossible for many states to finance their public schools. But some have bucked the trend by increasing taxes and earmarking those funds for education. Taxes, spending and the quality of public education.

NPR

Listen: 'Web Site Story,' NPR's Musical About The Internet — From 1999

Found in our archives: an Internet-themed remake of West Side Story from the dot-com bubble era. It begins with Bill Gates and features the sound of a modem but isn't as obsolete as you might expect.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.