Tuesday, November 15, 2011

Berlusconi supporting Monti's "caretaker government" formation efforts

The FT report to that effect is linked here, but not no mention of whether Monti will be able to govern into 2013 and the rejection of suggestions regarding the plugging of a €25 billion budget hole with a wealth or property tax.

The other new EU imposed government in Greece is expected to face mass walkouts and protests on Thursday.

Money interest rates for Belgium, France and Spain continue to climb, see here, making ever more nonsensical the negotiations underway in Rome and the farce that the Greek economic situation has quite clearly become.



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