A luxury cruise liner went aground off Italy's coast on Friday.

As nations tighten economic sanctions and Iran threatens to close the Strait of Hormuz, tensions between U.S. and Iran are mounting. Former ambassador and trustee of the National Committee on American Foreign Policy Thomas Pickering argues that military action isn't the solution in Iran.

At least 16 people remain still missing as rescue operations are suspended due to weather. The lead Italian prosecutor in the case said bringing the ship so close to the shore was part of a maritime practice — the equivalent of a fly-by.

Standard and Poor's has downgraded the credit ratings of nine Euopean countries including France. They face exposure to financial troubles in Greece among other places. Zanny Minton Beddoes, global economics editors at The Economist, talks to Steve Inskeep about the latest European financial troubles.

Investigators in Italy are analyzing the cruise ship's data recorder to determine how and why the vessel veered off course and collided with a rocky reef off the coast of Tuscany. More than a dozen people are unaccounted for.

Pakistan's Supreme Court has initiated contempt of court proceedings against Prime Minister Yousuf Gilani. He is accused of defying orders to start corruption cases against high-ranking officials including President Zardari.

Envoys from the European Commission, European Central Bank and IMF descend on Athens Monday to see if Greece is worthy of receiving its next bailout installment. If the international community concludes that Greece can't be saved as a member of the Eurozone it will have to revert to its old currency, the drachma, which some say would be "catastrophic."