There’s a question that anyone who watched Mario Draghi’s press conference must ask themselves: Should we look at the European Central Bank’s (ECB) slightly guarded official position or listen to the more dovish messages from the president? The answer will determine one’s confidence about central bank’s ability to fight a new euro zone slowdown. It might also influence whether that ...

Partly by default, and partly by design, Indian Prime Minister Narendra Modi has managed to assemble a newish-looking team for his second term. Hopefully, the freshness will carry over to ideas. The top job in the finance ministry opened up as Arun Jaitley, who held the position during Modi’s first five-year term, made himself unavailable for health reasons. The prime ...

The European Union’s (EU) move to discipline Italy for excessive public borrowing poses an awkward question: What use are rules that lack credibility against a member that acts in bad faith? The answer is not much. The EU’s fourth largest economy hasn’t just fallen short of complying with the bloc’s budget rules — its populist government has openly and repeatedly ...