Italy’s Prime Minister Silvio Berlusconi failed to meet an agreed deadline for sending the European Commission the concrete details of reform measures his government intends to implement, the Commission said on Wednesday. European Union leaders had demanded a letter from Berlusconi ahead of the EU and Eurozone summits Wednesday evening, in the hope that it would help reassure markets about Italy’s commitment to fiscal and structural reforms, which are seen as crucial to restoring confidence in the Eurozone’s third-largest economy and in Europe’s ability to halt the spread of its sovereign debt crisis. A spokesman for ... (full story)