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Cricket: Flower quits as England boss - ECB

Andy Flower has "stepped down" as England team director, after the team's whitewash Ashes loss in Australia, the ECB announced Friday. "Following the recent very disappointing Ashes defeat it is clear to me that this is now time for England cricket, led by (captain) Alastair Cook, to rebuild with a new set of values and goals," Flower said in an ECB statement.

Cricket: Flower quits as England boss - ECB

Andy Flower has "stepped down" as England team director, after the team's whitewash Ashes loss in Australia, the ECB announced Friday. "Following the recent very disappointing Ashes defeat it is clear to me that this is now time for England cricket, led by (captain) Alastair Cook, to rebuild with a new set of values and goals," Flower said in an ECB statement.

ECB seen on hold, but wary of slipping into 'danger zone'

By Paul Carrel FRANKFURT (Reuters) - A surprise drop in euro zone inflation will concern European Central Bank policymakers but they will likely do no more on Thursday than warn of their readiness to act in future. The policymaking Governing Council meets after data showed annual euro zone inflation dipped to 0.8 percent in December from 0.9 in November. The ECB targets inflation of just below 2 percent. Core inflation, which strips out volatile costs like food and energy, hit a record low of 0.7 percent.

ANALYSIS-Italy election punches hole in ECB's euro defences

By Paul Carrel FRANKFURT, Feb 28 (Reuters) - A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last year and vulnerable to a market attack. This week's election leaves slim prospects for a durable, reform-minded government in Rome and exposes a flaw in the bond-buying defence plan the ECB put together last September - a weakness that could see the euro zone crisis roar back to life.
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