Euro Economy’s Managers Aren’t Blinking in Market Rout

German Chancellor Angela Merkel and European Central Bank President Mario Draghi aren’t blinking yet. The longest losing streak in European stocks in 11 years and the weakest inflation since 2009 has intensified pressure on the managers of the euro area’s already ailing economy to deliver fresh stimulus programs.

Silvio Berlusconi U-turn keeps Italy's grand coalition afloat

Italy's grand coalition government looks certain to limp on after Silvio Berlusconi, the former prime minister who had brought it to the brink of collapse with a threat to withdraw his MPs, backed down at the last minute when it became clear that rebels from his own party would allow a confidence vote to pass.