Ma suh. Atsa nice! Mama mia! We’re inah biggah trouble ah now!
Goldman’s man at the ECB must have called to say “We no gonna buy you bonds no more”.
I guess this is the standard line for scaring politicians. Do X or the markets will crash. Paulsen used that line, as did Geithner.
“Leave the gun..take the cannoli....”
Italy’s problems will make the Eurozone pine for the days when their biggest problem was Greece. They could always cast Greece adrift. Italy is into French banks something like 2 trillion Euros. And after Italy, Spain, then Portugal, then Ireland...
I’m no fan of either Berlusconi or Papandreou. But if this has reached the stage where financial institutions are now able to run elected leaders from office, things are going to start getting very dicey indeed.