Markets failed to stabilize After Italian Prime Minister Silvio Berlusconi stepped down, signaling skepticism that new leadership isn’t a solution to the problem

All eyes are on Greece today after Prime Minister Papandreou promised to resign as soon as a bipartisan temporary government could be established.

After announcing a bailout would be put up for a popular vote, Greek Prime Minister George Papandreou is now backing down.

President Obama will meet with Greece’s prime minister George Papandreou today to discuss Greece’s economic problems.  Some experts worry that Greece’s debt crisis could have a domino effect on other nations – including the U.S. – similar to the 1997 Asian Financial Crisis. Yet the domino effect of California defaulting on its debt would have [...]