Italy's economy is verging on bankrupt and its election results have dealt a hammer blow to the prospects of fixing things. The best option, financially at least, may be to put someone else at the helm.
Greece borrowed too much money, had a giant party, and had no plan for how to pay it back. But economics isn't about the rear-view mirror, it's about the road ahead, and that looks increasingly rocky, writes Richard Holden.
In the wake of the resounding No vote, it's likely that at least one if not all the major Greek banks will fail early this week. When this happens, the Greek economy will essentially come to a halt, writes Richard Holden.