Comments on: Market euphoria misreads the signals from Brussels and Rome Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 By: hansrudolf Wed, 01 May 2013 10:23:20 +0000 “The real winner was Silvio Berlusconi”
No, Mr. Berlusconi lost 8 million votes.
“a pro-euro technocratic administration likely to be modeled on the outgoing government of Mario Monti.”
No, this is a political gaovernment headed by both secretaries of the two leading parties.
“one that will stick to most of the Monti policies approved by Brussels and Berlin”
No, in his speech at the lower house Letta said that of austerity alone the country will die, we will stop Monti’s estate tax immediatley, etc.
“Monti’s humiliating defeat”
No, he expanded UDC 5% to 10%, what do you expect from a politician who starts running 6 weeks before the election ?
“the established parties have agreed that a new electoral law must be prepared before the next election”
Sure, did so already a year and a half ago, to no avail
“Matteo Renzi, the mayor of Florence, who might have had a chance of reviving the PD.”
Don’t get me started

By: matthewslyman Tue, 30 Apr 2013 12:56:13 +0000 Thanks again. Who knows who is “right” (the optimists or the pessimists), but one must consider these possibilities if one is to evaluate risk correctly.

By: scythe Tue, 30 Apr 2013 11:19:19 +0000 when you hear london and/or anglo-saxon journalists tut-tutting over eurozone matters then

(a) it’s time to sell the dollar

(b) it’s time to sell the dollar and pound sterling

(c) it’s time to learn french or italian, analyse the market for yourself and avoid churnalism from the city of london

By: pbgd Sun, 28 Apr 2013 15:54:08 +0000 The miniscule change of interest rate is as inconsequential as Italian politics which have always been hopeless. If there really is euphoria in the markets, it certainly has nothing to do with Europe.

By: dajd60 Sun, 28 Apr 2013 15:32:59 +0000 Mr Koletsky I never thought I would read such an insightful and relevant article from you, after past readings.
I firmly apologise and you are raised up in my estimation; I suspect that the EU, the present and past Italian Governments and the Italian Mafia have more in common than we think!

By: NickSted Sat, 27 Apr 2013 16:15:39 +0000 Excellent article but I hope you are wrong and Letta will do such a good job that Berlusconi won’t be able to blame him for anything. I felt a lot of relief when he “emerged”. There also some big unknowns – how the 5 star movement will vote for instance – and as you say Renzi is only “potentially” much more popular than Letta

By: breezinthru Fri, 26 Apr 2013 12:26:44 +0000 I know practically nothing of how the parties that comprise Italy’s government are positioned and what the effect of that positioning is likely to be in the near term.

I appreciate the clarity provided this article’s author.

By: Randaph Fri, 26 Apr 2013 11:46:56 +0000 The italian name is Letta not Letto ( bed in italian). Italians has the same question. Without a stable governament and the winner is PDL. How is it possible the btp/bund spread is weakening and Europeans indexes are rising with red economic numbers ?

By: reality-again Thu, 25 Apr 2013 16:49:12 +0000 Hmm… where is the author’s optimism?

You can walk, ride a bicycle, or take a cab, and you can do it alone or with others – It wouldn’t matter much as long as you’re going the wrong way.

The same can be said about the euro zone.