Markets

A 10-Word Guide To How Screwed Up Things Are

“Farce reigns and risk aversion rises. Yen up, euro down.” That’s from SocGen strategist Kit Juckes and it just about sums it up. The farce of course is what’s going on (again) in the U.S. Congress, and the situation in Italy, where Berlusconi (again) is threatening to screw everything up. […]
A 10-Word Guide To How Screwed Up Things Are
Markets

The Final Thread Holding Up Italy’s Government Breaks — Berlusconi Allies To Resign From Government

Earlier today La Stampa declared that the Italian government was hanging on “by a thread.” Now, the daily newspaper reports, that thread has broke. “[Prime Minister Enrico] Letta’s ultimatum is unacceptable and inadmissible,” Silvio Berlusconi announced today, the newspaper reports. “The ministers of the PdL will immediately resign.” Berlusconi’s announcement […]
The Final Thread Holding Up Italy’s Government Breaks  —  Berlusconi Allies To Resign From Government
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