Italy falls back into recession

Italy's economy has fallen back into recession, latest official figures show, after contracting for two quarters in a row.

OECD urges Italy to keep austerity as Rome balks

ROME (AP) — Italy must continue to bring down its public debt, the Organization for Economic Cooperation and Development said Thursday, even as the country's new premier seeks a greater focus on economic growth instead.

Austerity in the dock as Europe's debt-stricken leaders meet

(Reuters) - The leaders of countries at the center of the euro zone debt crisis met in Rome on Friday after steep upward revisions to Italy's public debt targets raised growing doubts about the austerity policies being pursued.

Italy's austerity drive can't save it from Spanish fate

Italy is just like Spain, just a bit more Catholic. That may seem like an obvious statement in religious terms after a steep fall in observance across Spain and when the Vatican City remains the home of the Catholic leader.