Italian Bonds - Eurozone Crisis

Guardian Live: Reports that Italian 10 year bonds have started to raise again after falling due to the resignation of PM Berlusconi, they have gone up to 6.82%. As noted in this blog folks the idea that you can place technocrats in charge of Democracies in a time of economic danger and this will solve the problem is a mistake, these technocrats will be at the mercy of the political parties, these parties if they think they will lose out in VOTES will remove any such threat by a vote of no confidence, does not matter what Berlin or Paris think. In a modern Democracy, and the last time this blog looked that was the case with Italy and Greece you need the support of the people through them voting for political parties, a technocrat has no power, no base, he has to pander to the political groups just to get minor things passed, these technocrats will not last long folks, they will be ousted, politicians hate to give up power, what they hate most is to give power to someone who has not got elected dog catcher before becoming in to a leadership role. Politics is a brutal business folks, its called Democracy.