• Greek Prime Minister Papandreou will step down in a deal to form a new coalition government. Markets wait to see who emerges as the new government’s leader, and signs that Greece will stand by its implementation of the 130 billion euro bail-out plan. From the Financial Times.
• Rumors swirl around the future of Italy’s Berlusconi as the country’s borrowing costs soar, and concern builds around the country’s ability to shore up its economy. From the Wall Street Journal.
• German industrial production fell more than expected, it was announced today. Output dropped 2.7% in August, adding to concerns of a softening Euro zone economy. From Bloomberg News.
• Euro zone retails sales fell more than expected in September, down .7%. Declines were seen in France, Spain, and Portugal. From the Wall Street Journal.