Italy's historic Colosseum has been showing its age in recent years. There are cracks in the walls and pieces have even been falling off. But, with Italy's budget in a crunch, the government had to turn to private funds, from Tod's owner Diego Della Valle, to fix it up.
Six years ago, derivatives trader Jerome Kerviel made some bad trades — very bad trades that cost his bank nearly $7 billion. Now he faces prison and perhaps paying it back. So he's decided to take a long walk, from Rome to Paris.
Italians love their cars. In fact, only the United States has more of them per capita. That's what makes this next piece of data so shocking: for the first time in almost 50 years, bike sales in Italy are vastly outpacing car sales.
The World's Gerry Hadden reports on Italy's political crisis as yesterday the country's center-left coalition government fell, after a raucous and -- some say -- undignified -- debate in the Italian parliament.
Megan Williams previews the beatification ceremeny this weekend in Rome for Pope John Paul the Second. The speed with which the Vatican has gone through the beatification process may have curtailed the number of people travelling to Rome for the occasion.
There's another government besides the US in danger of shutting down: the one in Italy, where the government is on the verge of collapsing because of the failure of politicians on the left and the right to find a compromise.