Italian citizens are planning to file a collective lawsuit against former Prime Minister Silvio Berlusconi, holding him accountable for the mismanagement of public money, Press TV reports. Thousands of Italians have already signed the petition collected by a class action committee in Milan and more signatures will be collected in other cities in the coming days, Press TV correspondent reported on... 

Italian students march in Milan during a demonstration to protest against the austerity measures in Europe, November 17, 2011. Italian protesters clashed with police Thursday as thousands took to the streets around the country in anger at budget cuts and the Brussels-backed “bankers’ government.” ­The student-led demos came just hours before new Prime Minister Mario Monti, whose government was... 

European stock markets dropped sharply after Italian Premier Silvio Berlusconi confirmed he will step down after failing to win a confidence vote. The Italian stock market tumbled 3.7% with European stocks following the trend. UK’s FTSE 100 dropped 1.2 %, while Germany’s DAX was down 1.8%. The news from Rome appears to be another blow for the ailing euro which went down against other major currencies... 

Debt crisis sets markets in turmoil amid reports of talks about the break up of the eurozone. Reports that Germany and France have begun talks to break up the eurozone amid fears that Italy will be too big to rescue. Fears that Europe’s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets. Reports... 

Italy, Rome: A car burns during a demonstration, in Rome on October 15, 2011 What was initially planned as a peaceful “Occupy Rome” protest turned into a violent demonstration in the Italian capital. Police reportedly used tear gas and water cannons to disperse crowds of angry Italians. Protesters wearing masks and helmets threw rocks, bottles and other objects at police in riot gear. Some wielded... 

Standard and Poor's dropped Italy's credit rating from A+ to A. Standard & Poor’s drops credit rating to A from A+, blaming sluggish economy and ineffective government reforms. Italy has had its sovereign credit rating cut by Standard and Poor’s, with the ratings agency keeping the country’s outlook on negative in a surprise move that may add to contagion fears in the... 

Matteo Ianneo An Italian explorer interested in astronomy and exploring of Mars has yet again discovered a great structure on Mars which is very similar to the Cydonia region of Mars where there are a couple of pyramids and what looks like an Egyptian sphinx. Mr. Matteo Ianneo’s discovery however looks like the head of an Asian, more specifically a Japanese warrior, a Samurai. Although shocking,... 

Protesters throw projectiles at riot police in front of the Italian Parliament in Rome, September 15, 2011. Italian riot police have clashed with protesters rallying against the Italian parliament’s final approval for the government of Prime Minister Silvio Berlusconi’s recent austerity package. The violence erupted outside the parliament as lawmakers were on the austerity measures, AP... 

Beijing: Visitors have their photos taken at Tiananmen gate in Beijing on August 17, 2011. China has allowed its currency to hit a series of record highs against the USD over the past week in a move analysts say may signal a new strategy to combat the growing threat of inflation. With Italy second only to Greece in the Eurozone in terms of its debt-to-GDP ratio, the Italian government is eyeing China... 

Protestors march on September 6, 2011 during a demonstration organized by the leftist General Confederation of Italian Workers (CGIL) union against the government's economic policy in the center Rome. Tens of thousands of people are stranded. Factories are closed, airports and train stations deserted. An entire nation comes to a standstill as Italy’s largest trade union, the CGIL, calls... 

Students demonstrate and hold a placard reading 'We are making the wealth ourselves' during a general strike on May 6, 2011 in the capital Rome. Millions of Italians are set to go on a general strike in the capital Rome to protest fresh austerity measures adopted by Prime Minister Silvio Berlusconi’s government. The day-long strike will be held against a 45.5-billion-euro package of spending... 

Italian Prime Minister Silvio Berlusconi Rome has approved a new emergency 45.5-billion-euro austerity plan in response to demands by the European Central Bank (ECB) to balance Italy’s budget by 2013. The Italian government approved the emergency package in line with the ECB request on Friday, despite strong disagreement and resistance from local government officials who maintain that new austerity... 

Italian trade unionists have protested against the government’s planned austerity measures amid budget talks between Premier Silvio Berlusconi and trade union representatives. Trade unions in Italy expressed their worries that the government’s tougher economic measures might heavily cut down on pensions, salaries and social welfare services. “We don’t want to pay for this crisis.... 

Life is good for Rome's political class. As Rome implements deep austerity measures in a bid to save its economy from a fate similar to Greece, many Italians are voicing anger over the privileged lifestyles of their elected representatives. Italy’s elected officials are the highest paid politicians in the world and are also among the biggest cheaters, according to an anonymous Italian blogger... 

Thousands of Romans are expected to take the day off of work on Wednesday to leave the city in hopes of saving themselves from an earthquake that was forecast decades ago to devastate the Italian capital on 11 May 2011. The late scientist Raffaele Bendandi made the prediction decades ago. He would predict quakes by monitoring the movement of the sun, starts and planets. Local media reports about his...