FROM Beppe Severgnini
Can a Divided Europe Save Its Common Currency? America's economic future will depend in part on what happens in Europe, so the crisis over the Euro demands our attention. The Eurozone is divided between prosperous countries like France -- and especially Germany — and debtor nations, including Greece, and now Italy. The strong are needed to bail out the weak, but so far there's not enough trust for the strong to provide big money or the weak to accept austerity. Can un-elected European technocrats, trained on Wall Street, overcome the politics of independent nations? Why is it all so important to the United States?
Is Italy's Economy Too Big to Fail, but Too Big to Bail Out? When it comes to the troubled economies of the Euro Zone, "contagion" is what economists, bankers, traders and political leaders fear most. Now the focus has shifted from Greece to Italy. Greece at least appears to be getting its economic act together, but Berlusconi's Italy is another matter. We hear about the billionaire Prime Minister who's promising to resign, and what Italy's potential bankruptcy could mean for the rest of the world.
Greece Has Been Scary Enough, Now There's Italy When it comes to the troubled economies of the Eurozone, "contagion" is what economists, bankers, traders and political leaders fear most. Now the focus has shifted from Greece to Italy. Greece now has a unity government led by a banking technocrat pledged to avoid bankruptcy, however unpopular austerity measures might be. Italy has an economy almost triple the size of Greece, Portugal and Ireland combined, with a massive debt it might not be able to pay. Its shaky economy is the creature of Prime Minister Berlusconi, one of the world's most colorful leaders. Will he really get out of the way? We get a taste of Italian politics today and hear what a national bankruptcy would mean for world markets and American banks.
Wife Gets Pubic Apology for Berlusconi's Roving Eye We seldom talk about politicians' personal lives, but some stories are just irresistible. Today, it's the amazing behavior of Silvio Berlusconi and his wife, Veronica Lario. As he is wont to do, the former Italian Prime Minister flirted publicly with a couple of beautiful women. His wife demanded an apology, in a letter on the front page of La Repubblica . Astonishingly, Berlusconi complied--with a letter to the same paper. Beppe Severgnini, columnist for another Italian daily, La Bella Figura .
Marital Spat, Italian-Style: Wife Gets Apology for Berlusconi's Roving Eye Italy's former Prime Minister Silvio Berlusconi is a notorious womanizer. At a public awards ceremony last week, the 70 year-old billionaire told four young and beautiful women, "If I weren't already married, I would marry you right now." That was too much for Berlusconi's wife of 27 years, Veronica Lario, who excoriated him on the front page of the newspaper La Repubblica . Beppe Severgnini is columnist for another Italian daily, Corriere Della Sera .
East Asia: President Trump's first foreign policy test Starting with North Korea's latest test of nuclear missiles, a chain of events is causing instability in Asia. Could it turn into the first real foreign policy crisis of the Trump Administration?
Trump's travel ban and the long-term agenda The Trump Administration's revised travel ban may be good news for some visa holders and others, but it's still being challenged as unconstitutional. Some reporters call it the beginning of a long-term effort to change the demographic make-up of the United States.
'Do-or-die' time on healthcare bill President Trump has demanded a House vote today on replacing Obamacare…whatever the details might be. Despite his campaign promise that nobody would lose health insurance, that's possible for 24 million people if he were finally to sign this bill into law.
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?