World

As Italy tries to fight its way out of a full-blown recession, the state and local governments are coming up with creative — and some say questionable — sources of revenue.

The latest example comes from Venice, where Benetton, the trendy Italian clothing-maker, is poised to put the city's first shopping mall right on the Grand Canal. Residents are up in arms, but officials say deals like these keep the lagoon city afloat.

It's official: The conservative New Democracy party that supports keeping Greece in the eurozone is the winner of Sunday's election in that country.

The victory is likely to ease some of the concerns over a potential Greek exit from the eurozone, and the implications of such a move on the fragile global economy.

After the victory, Antonis Samaras, the head of New Democracy, called for pro-euro coalition, one that would likely include the socialist PASOK party, which finished third. The radical left-wing Syriza party, which opposed the bailout, finished second.

Transcript

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RACHEL MARTIN, HOST:

And we have one more election to talk about this morning, this one in Egypt. It's the second and last day of the presidential run-off there. Egyptians are choosing between the Muslim Brotherhood's candidate, Mohammed Morsi, and retired Air Force General Ahmed Shafiq, who was the last prime minister under ousted President Hosni Mubarak.

One region where the vote is expected to be particularly tight is in Egypt's Nile Delta, north of Cairo. That's where Kimberly Adams traveled and she filed this report.