Telegraph: Reports that Italian Government is to have emergency meetings with the EU to discuss the fact that Italy could be the next country to become the target of the bond markets. The politicians should know that August is a very bad month to go on holiday, disasters of late seem to happen when politicians take their eyes off the ball, thus time for our distinguished Masters to come home and deal with the next crisis for the Euro. This blog will postulate that Italy will ask for a temporary bailout of billions, its going to cost folks. Well if the UK has to bailout out Italy it should come at a cost, the return of some powers to the House of Commons, our rebate be secure and agreed in treaty, lets make sure Italy pays for any UK bailout.
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