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
- vlad Nov 9, 01:56
Weekend 9th November 2024
“Democrats had bet on women showing up in force. They didn’t” So women are misogynists? I’m confused. - JohnC Nov 9, 00:24
Weekend 9th November 2024
Watch: Police target fishing boat over ‘modern slavery’ claim https://www.bbc.com/news/videos/cm20l14g87jo lol – one thing you can be sure of when… - JohnC Nov 8, 23:49
Weekend 9th November 2024
Democrats had bet on women showing up in force. They didn’t https://www.bbc.com/news/articles/c3e8z53qyd5o And another BBC cretin trying to tell us… - Fedup2 Nov 8, 23:38
Weekend 9th November 2024
A plot by Iran to kill president trump – whether he won or lost – if ever there was a… - Zephir Nov 8, 23:21
Weekend 9th November 2024
Hamadeh added that he expects Democrats, who labeled Trump a “fascist” on the presidential campaign trail, aren’t being honest when… - Zephir Nov 8, 23:13
Weekend 9th November 2024
We will have to wait a few more years, unfortunately, and for a real leader to emerge. [img]https://i.postimg.cc/wvYTcLKR/86800381-877081916028533-5708867153998905344-n.jpg[/img] - tomo Nov 8, 23:05
Weekend 9th November 2024
https://x.com/krassenstein/status/1854849413014839351 “I dare you to try to continue your lawfare against President Trump… listen here, sweetheart, we’re not messing around… - Zephir Nov 8, 22:53
Weekend 9th November 2024
We should rename the bbc as ITMA It’s those “men” again. - Zephir Nov 8, 22:52
Weekend 9th November 2024
This is interesting, how it actually hapened https://www.youtube.com/watch?v=woCTR–uvFM
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