1. Soccer

    Germany: No Overhaul After Euro Exit

    Italian forward Mario Balotelli (C) celebrates with teammates after scoring his second goal during the Euro 2012 football championships semi-final match Germany vs Italy on June 28, 2012 at the National Stadium in Warsaw.          AFP PHOTO / CHRISTOF STACHE        (Photo credit should read CHRISTOF STACHE/AFP/GettyImages)

    Christof Stache, AFP / Getty Images

    Germany said Friday it won’t undergo a major overhaul after losing yet again to Italy in the semifinals of the Euro 2012 soccer tournament. The Italians beat the young team—which had been a favorite after winning 15 straight games—hours before Italy and Spain won a major victory against Germany in the European Union economic talks in Brussels. Not sure about the subtext there—will Angela Merkel also refuse to change her austerity-first approach?

    Read it at Reuters