Tax cuts might be saved, not spent, by debt-ridden consumers, so an increase in public spending could be more effective.

ECONOMIST: Deflation

Sunday was supposed to be a hopeful day when the debt-ridden nation finally got new government to solve its many problems.

NPR: 2 Policemen Shot In Rome As Italy Gets New Govt

The downward spiral began last week with rumors that Cyprus would sell its miniscule reserves to raise cash, and that other debt-ridden European countries would be forced to do the same.

FORBES: Gold Inches Up As Goldbugs Seek Reasons For Historic Rout