Thursday, November 10, 2011

Italy: Definitely too big to fail, maybe too big to bail

Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.

We may be nearing the finale of the Euro crisis that has been building for at least a year and a half.

What Italy does now, and how governments and markets respond, may determine whether we have been watching a tragedy or something less serious.

Whatever it is, it definitely has elements of both.

Italy is the domino that cannot be allowed to fall over, because it would risk knocking over too much else. Read more....

1 comment:

  1. the talk is to replace elected ministers with chosen, appointed by others guru's not politicians. key issue is their not elected but appointed by foreign and central banking heads and panels and will impose any and all mandates coming from them.
    vote of the people?...why


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