Greek Night - Eurozone Crisis

The New York Times: Reports that Italian PM Silvio Berlusconi has problems even getting his own Coalition Partners the Northern League to agree to economic reforms. Thus you have a split Coalition Government, a PM who has political and legal problems, the Unions that see their perks on the chopping block, the Markets don’t trust the Italian Governments, thus the high cost of 1 to 10 year bonds, and now the IMF will be checking up on the Italian Government. The Chief of the IMF, Christine Lagarde has stated she will state if Italy is back peddling its promises, thus Italy is now in the eye of the storm folks.