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Analysis: Knox acquittal helps Berlusconi

ROME— For Berlusconi, the acquittal of Amanda Knox was ammunition in his pitched battle with Italy's magistrates, who he says want to overthrow him.

Europe: Coalition politics hinder solution to economic crisis

David Cameron and Angela Merkel protect their backs against restive allies.
Merkel sarkozy 8.16Enlarge
France's president Nicolas Sarkozy and German Chancellor Angela Merkel arrive for a joint press conference at the Elysee presidential palace in Paris on August 16, 2011 after a meeting between the two leaders on debt crisis. (Patrick Kovarik/AFP/Getty Images)
All politics is local - even when the global economy is collapsing around your ears as David Cameron and Angela Merkel are finding to their irritation.
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Greece will stay in euro zone, Merkel and Sarkozy say

2,388 years of unpaid government debt

LONDON — Almost every country has defaulted. Spain holds the record, with 13 defaults over four centuries.

Markets rise on Barroso euro bonds comments

Barroso called the euro zone debt crisis "the most serious challenge of a generation."

Stocks sink as euro zone fears return

Italy approves new austerity measures

Italian President Silvio Berlusconi has worked furiously to gain Cabinet approval for the new austerity measures.

Debt Crisis? Italy resorts to online gambling

With 1 percent of global population, Italy accounts for 24 percent of gaming revenues. That's money the debt-mired government could use.  

Only eight European banks out of 90 fail stress tests, but many are skeptical of results

The small number of failing banks was met with skepticism, and criticism that the test had been lax.
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