Relevant:
- Mario Monti: we have a week to save the eurozone
- Italian Paradox: Italy is Borrowing money at 4-5% to Lend to Spain at 3%; Official Denials From Italy That Italy is Next
- Suddenly Mario Monti Is No Longer A Hero
- Monti's Budget Plan Gets Final Approval in Italy Parliament
- Monti Threatens to Resign if No Eurobonds; Specter of Early Elections
2012-06-21 — globaleconomicanalysis.blogspot.it
Please note the "official denial" from Italy: "Mr Monti denied Italy was about to seek help." A few more of those denials and it will be 100% clear Italy will "seek help".
How many official denials were there in Spain before it happened? I recall at least a half-dozen in the span of a week, and dozens in the preceding month.
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