Relevant:
- Italian borrowing costs reach new highs
- Monti Begs Germany to Stabilize Interest Rates; Merkel Pours Cold Water On "Theoretical Discussions"; Italy Official Denial #1; Why Monti's Days Are Numbered
- ECB Riots Begin in Italy as Globalist "Super Mario" Forces Austerity
- Monti's Budget Plan Gets Final Approval in Italy Parliament
- Mario Monti: we have a week to save the eurozone
2012-12-10 — businessinsider.com
What's remarkable is how quickly a new conventional wisdom has solidified in Italy.
What everyone is saying is: Monti was always an unelected technocrat, who had no popular mandate to fix things. Furthermore, his austerity isn't working, and what Italy needs is growth.
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