Guardian Live: Reports how Italy has moved to the centre of the Eurozone storm, the article notes the following on the Italian PM, “ And the man in charge of the country is someone people wouldn't trust with their daughters let alone their economy. ”. Thus Italy has presented reforms for the future, such as raising the age as to when people retire, but when you have future promises you have the great chance they will never happen or they will be scaled by back future leaders. Thus what to make of the EU Summit, well the banks will get a bailout, but the stability fund is interesting, its already been used to bailout Portugal, Ireland and Greece, thus Germany might fund its underwritten a deal that could last years and that the German taxpayer will be asked to back, can you really see Italy or Greece really reforming, why should they, they are going to blackmail Germany, either bailout us our or your precious Euro goes down the toilet and takes the EU with it, it has been commented on the markets have on the whole been quite calm, WHY, there is still a debt problem, Greece will default sometime, Italy will need the ECB to keep it going, the PM well see above comment from the Guardian. When something smells folks it takes time to get beyond the spin to see the bad tea bags, and there are bad tea bags here folks.
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