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Photograph by Yagi Studio/Getty Images

Photograph by Yagi Studio/Getty Images

Lip Service From the ECB

The European Central Bank has gotten itself so gnarled and twisty-tied over the communication of its new “forward guidance” policy that it evidently felt inspired to give lessons in the art of communicating. In a paper titled “Loose Lips Sinking...

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Photograph by Alessia Pierdomenico/Bloomberg

Photograph by Alessia Pierdomenico/Bloomberg

Italy’s Vote Was Bersani’s to Lose, and He Almost Pulled It Off

The Italian elections were his to lose, and Democratic Party leader Pier Luigi Bersani did a really good job of almost doing just that. Bersani, a former communist who backed Prime Minister Mario Monti’s technical government, squandered a 15-point poll...

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Photograph by Franco Origlia/Getty Images

Photograph by Franco Origlia/Getty Images

Pope, Music Festival May Have Clipped Berlusconi’s Poll Momentum

Pope Benedict XVI’s surprise resignation and the popular San Remo music festival may have clipped some of former Prime Minister Silvio Berlusconi’s momentum in the campaign for Italy’s end-of-month election amid a blackout on opinion polls. Pope Benedict’s Feb. 11...

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Photograph by American Images Inc

Photograph by American Images Inc

Draghi Dismisses Currency Spat as More Jaw Than War

Mario Draghi says the currency war is phoney. According to the European Central Bank president, there’s been too much “chatter” in the past two weeks about fluctuations in global currencies, set off by a decision by Japan’s central bank to...

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Photograph by Franco Origlia/Getty Images

Photograph by Franco Origlia/Getty Images

Berlusconi Rides Media Blitz, Recession to Gains in Polls

Former Prime Minister Silvio Berlusconi’s media blitz is paying off, with his center-right coalition closing the gap with Italy’s Democratic Party ahead of Feb. 24-25 election. The three-time premier, who has always been as much showman as statesmen, has done...

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Photograph by Patrick Baz/AFP via Getty Images

Photograph by Patrick Baz/AFP via Getty Images

Merkel Flies Into Cyprus to Consider Nation’s Not-So-Small Debt Problem

German Chancellor Angela Merkel joined her European conservative counterparts at a resort in Cyprus for a meeting of the European People’s Party. For those in Cyprus, the event doubled as a rally for Nicos Anastasiades, the head of the DISY...

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