The week in business and finance has been largely dominated by Italy. The country’s bond yields have reached new heights, forcing the Rome government to adopt and implement tough austerity measures.
A collateral victim of this dramatic development was Silvio Berlusconi who announced his resignation. Italy has moved into the eye of the storm of the debt crisis, because it has the potential to crush the euro zone in its current form.
Host Stefan Grobe talks about the situation with Stephen Gall, Head of Market Analysis at Schneider Foreign Exchange in London. Also on the programme: the inauguration of the Nord Stream gas pipeline in the Baltic Sea.