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Despite the fact that chunks of Rome's iconic Colosseum fell off this week, the monument is still safe, officials said Thursday."The detachment from the Coliseum...is not to be underestimated, although I'm not worrying, said Umberto Broccoli, superintendent of cultural heritage for Rome.

Preliminary work to remove the doomed Costa Concordia cruise liner from Giglio Island began Thursday.Workers are attempting to anchor the wreck with cables so that it can be carefully turned upright and then re-floated away from the island.

The Made in Italy gold and jewellery industry is ready to challenge the market with new target strategies in areas where demand is on the increase.

Green Day front man Billie Joe Armstrong has reportedly been discharged from hospital after scrapping a show in Italy on Sunday night due to illness.The rocker was admitted to the Hospital Maggiore in Bologna suffering a mystery ailment and the band was forced to axed a planned show in the city on Sunday.

Italian artist Alighiero Boetti (1940-1994) believed that artists simply observe and point to what already exists in the world. And because the world is a complicated place -- filled in one moment with fullness and variety, and in the next, with sameness and emptiness -- Boetti's artwork also moved between these opposite aesthetic and conceptual notions.

Italy's former Economy Minister Giulio Tremonti announced on Wednesday he was setting up his own political movement ahead of elections to be held by next spring, potentially siphoning support from Silvio Berlusconi's People of Freedom party.

Italy’s worsening economic crisis and high debt costs have led senior officials in Rome to warn that the country may be forced by the end of the year to apply for an EU bond-buying programme in exchange for implementing further tough economic reforms.

TURIN, Italy — Former Italy and Juventus forward Alessandro Del Piero is joining Sydney FC in a deal that will make him the highest-profile player in the A-League. "For the next two years I suppose I can say that I’ll be Australian," Del Piero said on Wednesday. "I’m starting a splendid and fantastic adventure. I couldn’t have chosen a better situation or a better place."

The festival lineup has been slimmed and the star wattage toned down while even some of the movie plot lines reflect various forms of fallout from the financial crisis from family and relationships to faith and spiritual values.

Regarding "The euro crisis as ethnic conflict": Nicholas Sambanis incorrectly characterizes the euro crisis as an ethnic conflict between Southern Europeans and Germans.

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