Berlusconi’s Return Roils Italian Markets

By: Monday December 10, 2012 10:08 am

Markets in Italy are freaking out today, mainly because of the pronouncement of one man, Silvio Berlusconi. The former Prime Minister plans to run for office yet another time, and Mario Monti, the current caretaker leader, has resigned, setting up new elections probably in February.

EU Summit Solution Looks Remote

By: Wednesday June 27, 2012 6:56 am

This EU summit scheduled for tomorrow (yes, just add that to the calendar with the Supreme Court ruling and the Holder contempt vote) has all the earmarks of a disaster. First, technocrats released a sovereignty-destroying proposal that would combine all of the worst elements of a fiscal union, not solving the growth imbalance problem while [...]

Sad That It’s Come to This: Silvio Berlusconi Is the Voice of Reason

By: Monday November 21, 2011 9:35 am

So of all the leaders in the world, I am chagrined to say that the only one talking any sense right now is the former Prime Minister of Italy, Silvio Berlusconi. He’s self-interested, of course. Even as he was pushed out in Italy, he was plotting a comeback. And that comeback rests on making the [...]

An Elegy for Berlusconi, the Man Who Ruined Italy (Again)

By: Friday November 11, 2011 11:04 am

The Economist has a great elegy for my favorite soon-to-be now deposed leader, Silvio Berlusconi. If you gave me a list at the beginning of the year of Hosni Mubarak, Moammar Gadhafi and Berlusconi, I would have said that Berlusconi would have been the hardest one to dislodge from power. It took him almost destroying [...]

Bond Yields Surge in Italy, as Political Chaos Reigns

By: Wednesday November 9, 2011 6:50 am

While we were celebrating a good night fending off the hounds of conservatism, Europe reached the point of no return. Italian bonds surged overnight. They got as high as 7.48%, before going back down at press time to 7.25%. Greece, Portugal and Ireland all sought bailouts once their bond yields hit 7%. At this rate, [...]

Italy Bond Yields Continue to Rise, Berlusconi Resists Resignation

By: Tuesday November 8, 2011 7:37 am

While everyone’s moved on to Italy, and I’ll get there in a moment, let’s linger for a while over Greece, long enough to note that the country still doesn’t have a Prime Minister, as the hand-picked caretaker has annoyingly decided that he actually wants the power of the office rather than just sit in the [...]

Euro Crisis Focus Now Turns to Italy

By: Monday November 7, 2011 6:55 am

Now that the troika – the European Union, European Central Bank and the International Monetary Fund – has manhandled the Greek political system, they will probably turn their attentions to Italy. Despite the deal reached a couple weeks ago to “save the euro,” Italian bond spreads (the difference between German and Italian bond rates) keep [...]

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