Il Nuovo Sorpasso

13 08 2011

Category; Finance, Politics

Italy has approved a tough austerity plan; the Euro is saved, the ECB will shore up Italian Bonds and Berlusconi can joyfully bunga bunga the rest of the summer away.

Even if parliament approves the plan (click here for details), brought in by emergency decree, the country does not have the political will to follow it. There is absolutely no chance that the austerity package introduced on Friday will be implemented. Read the rest of this entry »