Euro Zone Edges Toward Stabilization

LONDON--An indicator that has correctly recorded contractions in the euro-zone economy suggests the currency area is edging closer to stabilization after a recession that began in late 2011.

ECB's Visco says markets watching Italy closely

ROME (Reuters) - Financial markets remain keenly focused on Italy's ability to control its public finances and pursue reforms to lift its stagnant economy, European Central Bank governing council member Ignazio Visco said on Saturday.