BBC News: Reports that Italian 10 years bonds have hit a high of 6.64% before going down to 6.54%. The Italian Government can not afford for its short or long term bonds to be over 6% for a long period, the costs would be to much for the Government, the Italian Parliament has to passed the latest tough austerity packages, the Unions and the Professions have to be taken on, the people of Italy need new leadership that they trust to take them through a very dark and tough time, that is not PM Berlusconi, his coalition government is fractured and on a political and personal level the PM has legal problems, its beyond the scope of this blog to go in the legal aspects, but they are quite scandalous. Thus time for a new Captain at the helm of Italy, otherwise Italy could take down the Euro and EU.
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