November 8, 2011

Berlusconi Job

And for a funny view on all this tragic Italian comedy a nice article from Zero Hedge:


Surely this means all Italian labor unions, which are at the heart of this whole fiasco, will now gladly unravel and Italian debt will be promptly rolled. All $400+ billion of it in the next 12 months. 
Just out from Bloomberg:
  • BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAWS
  • ITALY'S PRESIDENT NAPOLITANO COMMENTS IN E-MAIL STATEMENT
  • ITALY'S BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAW
  • ITALY'S PRESIDENT TO START CONSULTATIONS AFTER RESIGNATION
Naturally there is fine print and it is that Berlusconi would resign after the 2012 Budget is passed. As a reminder, today saw the 2010 budget passage. So, Silvio is out... in 2013?
In the meantime, this:

...At least until Silvio updates his facebook wall and says it was all a misunderstanding.
Post a Comment