Well. it looks like Berlusconi is following Papandreou out through the exit door, as demanded by Merkozy. This morning, the BBC pondered the future for Italy. Naturally, they push the “tighter fiscal and political union” fantasy of Barroso and his pals. They are also fixated on the personality of Berlusconi.They might do better to listen to the markets, now factoring Italy’s 10yr bond rates at 7%. That’s immediate bail-out time, and this time, not enough cash in the coffers to bail Italy out. So why does the BBC not discuss the central issue here – namely Euro-Governments spending more money than they have? The impossibility of such diverse economies as Germany and Greece? The hubris of the European elite who have ignored the profound schisms that now threaten to engulf the Eurozone? Why is the substance of the debate always so restricted?
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Recent Comments
- Fedup2 Jun 26, 18:44
Midweek 25th June 2025
A lot of pundits seem to be excited by the next TTK u turn suggesting it’s the end . Methinks… - Scroblene Jun 26, 18:35
Midweek 25th June 2025
https://www.express.co.uk/news/politics/2073142/keir-starmer-sidelined-nato-summit?int_source=mantis_rec&int_medium=web&int_campaign=more_like_this Ha ha ha ha ha ha ! D’you remember those school photographs, where the bloke under the black cape… - Scroblene Jun 26, 18:13
Midweek 25th June 2025
Shurely Jon Snow stayed on; y’know, for ‘F*** the Tories’ sake…? No? Ooooh, wonder why, was the helicopter early? - Scroblene Jun 26, 18:09
Midweek 25th June 2025
‘Laa laa’ in ‘the flesh’ yuccccch…… Any pies anyone; pork – meaty – anything…? Quite ruining my evening magnum of… - tomo Jun 26, 17:58
Midweek 25th June 2025
https://boriquagato.substack.com/p/sunday-memepool-2-799 [img]https://i.ibb.co/1fZr2pQg/scrnli-JXh2-CBmf-AMLPax.png[/img] Texan reading his electric bill - MarkyMark Jun 26, 17:27
Midweek 25th June 2025
Lucy Connelly watching from her safe maximum secure wing? ………….. The Böhmermann affair (also known as Erdogate[1]) was a political… - moggiemoo Jun 26, 17:17
Midweek 25th June 2025
I wouldn’t let the bastards out until the place was spotless.
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