Secret plans to allow an extension of the transition period in the Brexit withdrawal agreement could result in the UK living under all EU rules well beyond the 21 months so far negotiated.

Secret plans to allow an extension of the transition period in the Brexit withdrawal agreement could result in the UK living under all EU rules well b(...)

Plans from Italy’s populist coalition government to sharply increase government spending have unnerved financial markets. Photograph: The New York Times

Italy’s economy minister insisted his government will reduce the country’s budget deficit from 2020 onwards, in a small concession to Brussels ahead o(...)

Silvio Berlusconi, former Italian prime minister and founder of Forza Italia, on an Italian TV show in  January. Photograph: Getty Images

With his perfectly dyed dark hair and his ivory-white teeth glistening in the lights of the television studio, Silvio Berlusconi – the octogenarian co(...)

Greek prime minister Alexis Tsipras  accused the International Monetary Fund of attempting to push his country into default following a leaked teleconference transcript. Photograph:  Oli Scarff/Getty Images

Greek prime minister Alexis Tsipras has accused the International Monetary Fund of attempting to push his country into default and demanded clarifica(...)

Joe Kaeser, chief executive officer of Siemens: “The biggest economic damage from these attacks is on confidence and confidence is a crucial element in this phase.”  Photograph: Krisztian Bocsi/Bloomberg

Heightened political risk in Europe is damping companies’ investment plans and fuelling concerns about a global growth slowdown, the head of Europe’s(...)