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Why Markets Are Not Panicking About Italy (Yet)

A country with one of the scariest debt loads on the planet slips into political chaos. The market reaction: a shrug. At first glance, it makes no sense that Italian bond yields edged lower after Matteo Salvini, the leader of the populist, right-wing League party, provoked the collapse of the …

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Spain Will Send Ship to Italy to Rescue Stranded Migrants

MILAN — Spain will send a naval ship to Italian waters to pick up the 83 migrants who have been stranded in deteriorating conditions on a humanitarian group’s boat, the Spanish government said on Tuesday. The office of the caretaker prime minister, Pedro Sánchez, a center-left Socialist, said a warship, …

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Italy’s Prime Minister Resigns, Turning Chaos Into Uncertainty

ROME — The most nationalist, populist and dysfunctional Italian government in decades collapsed on Tuesday as the country’s prime minister announced his resignation in the face of a mutinous power play by the hard-line and increasingly popular interior minister, Matteo Salvini. “The interior minister followed personal and party interests,” by …

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