Wednesday, November 09, 2011

Italian Bonds = 7.4% - Eurozone Crisis

Guardian Live: Reports that the cost of the Italian Government selling its bonds has risen to 7.4% and it would take 1.4 trillion Euros to bailout Italy. Thus folks a new Italian Government might need that IMF bailout, also the IMF will have to come in and run the Italian economy. The question is will there be an election in Italy, this would cause havoc in the Markets and send Italian bonds in to a black hole, thus in this respect Democracy is not a good idea, the present Italian Parliament has to pass a server austerity package, one that will make them hated for years, hell they might have to go in to exile, but it might just save Italy. These politicians wanted the power folks, well its costs, the good times are really over for Rome.

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