Synopsis of International Events of 2011

The Force of Nature and the Tragedies On March 11, 2011 one of the strongest earthquakes of the last century happened in Japan. The nation was ravaged by a brutal 9 magnitude (on the Richter scale) earthquake, followed by a tsunami with waves of 10 meters high and th...

Italy Announces Drastic Economic Measures

The chief the Italian government, Mario Monti, announced a stern method to reactivate the economy and save Italy from the crisis of its debts. Monti is aware of the measures imposed to the fellow Italian. When Monti added that it’s a “duty to forgo their salaries for Council...

Ecuadorian migrants face economic crisis in Italy

Around 140.000 Ecuadorians live in Italy, 123.000 are residents with legal documents in that European country. They are being affected by the economic crisis, salaries do not cover their debts and there is a high unemployment rate. Italy is the third largest economy in the...

Italy is Entering Bailout Area

The cost of borrowing in Italy on Wednesday reached a level that could mark a turning point in the European crisis, after the announcement of resignation of Prime Minister Silvio Berlusconi. The yield on the 10-year Italian bonds was over 7 percent, a level that is considered...