Italy Budget Cuts

European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.

The outcome of June 17 polls could determine whether Greece sticks with the heavy budget cutting or rejects the fiscal austerity imposed by the rest of Europe.

Winds of change are sweeping through the dusty palazzos and abandoned ruins of Italy - as budget cuts in tough economic times force the managers of famous monuments to seek revenues and investment.The crumbling Colosseum is being restored by shoe tycoon Diego Della Valle, the ancient Roman city of Pompeii is looking for private funders and the augu...

European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.

The outcome of June 17 polls could determine whether Greece sticks with the heavy budget cutting or rejects the fiscal austerity imposed by the rest of Europe.

Winds of change are sweeping through the dusty palazzos and abandoned ruins of Italy - as budget cuts in tough economic times force the managers of famous monuments to seek revenues and investment.The crumbling Colosseum is being restored by shoe tycoon Diego Della Valle, the ancient Roman city of Pompeii is looking for private funders and the augu...