It’s clear that the markets don’t want Silvio Berlusconi to continue as Italy’s prime minister. They were cheered yesterday, briefly, when word got around that Berlusconi was stepping down, then subsided into their accustomed grumpiness when he denied it. (We know this by following the interest rates on Italy’s bonds, which are soaring, save during the brief moment when it was thought Berlusconi’s departure was nigh.)
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Prospect.org Bunga Bunga and the Bond Market
Prospect.org Bunga Bunga and the Bond Market
In September, 2009 Atlantic Monthly named 
