It isn't just debt that plagues the Italian economy. Newly-appointed prime minister Mario Monti will need to increase tax collection, reduce bureaucracy and reform the economy at the root.
Pope John Paul II is getting beatified by the Vatican this Sunday. And while the spring season is usually a busy one for Rome and Vatican City, the big event seems to be keeping regular tourists away.
The Group of Eight summit is being held in the earthquake-destroyed town of L'Aquila in central Italy, with the intent of pumping money into the region. But many are not happy with the decision. Megan Williams reports.
Credit card companies don't exactly have a reputation for engaging in ethical business practices. Some are trying to change this negative connotation with incentives. Megan Williams reports from Rome.
Italian artist Francesco Vezzoli has been advertising his irresistible new perfume, "Greed," in an art gallery in Rome. But the big-budget, celebrity-boosted product doesn't actually exist. Megan Williams reports.
A $270 billion deal would use investment strategies and tax cuts to bring up Europe's employment numbers and trigger multinational growth. The plan will likely go through despite Germany's reticence. Megan Williams reports.
The buildings around Venice's most famous public square, Piazza San Marco, are crumbling. Chunks of buildings are falling off. A possible solution has tourists and locals a little nervous. Megan Williams reports.
With European governments spending billions to bail out banks, investors are buying insurance against countries defaulting. Megan Williams looks into popular doubt that some countries can repay their debt.
