Tuesday, October 4, 2011

Italian Bonds Bode Ill For Berlusconi

Good. The guy should be in a jail cell as a co-conspirator for war crimes in Iraq. 

"Pressure is mounting on Berlusconi after Standard & Poor’s cut Italy’s credit rating one level this week, citing his fragile government and weak economic growth. A defendant in four trials, Berlusconi now faces calls from Italian employers, longtime backers, to step down as the nation’s bonds succumb to contagion from the debt crisis....

--more--"