Article

2005-09-23 Europe

Italy faces meltdown as finance chief walks

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Posted by Steve White 2005-09-23 00:11|| || Front Page|| [1 views since 2007-05-07] Top

#1 And the EUros whine about our government.

At least we have one....

Posted by Barbara Skolaut">Barbara Skolaut 2005-09-23 00:38|| http://www.ariellestjohndesigns.com]">[http://www.ariellestjohndesigns.com] 2005-09-23 00:38|| Front Page Top

#2 Italy is the weak link in the Euro. Will be interesting to see how this ends up. My guess is Italy leaves/gets kicked out of the Eurozone.

Posted by phil_b 2005-09-23 02:06|| 2005-09-23 02:06|| Front Page Top

#3 I think Germany may leave first. The Euro has not held a value like the DM had ever.

Posted by Sock Puppet OÂ´ Doom 2005-09-23 02:14|| 2005-09-23 02:14|| Front Page Top

#4 Be interesting to see who/what emerges here.

Europe seems to be pulled by 3 different isms, Communism/Socialism; Fascism; Corporatism.

The one thing that none of them seem to have understood and internalized is the concept of "...of the people, by the people, for the people." They seem to want "...of the elite, by the elite, for the people (but the elite first)"

Then they squabble over who is more elite.

Posted by AlanC">AlanC 2005-09-23 08:15|| 2005-09-23 08:15|| Front Page Top

#5 See this article in the Financial Times for more background.

The guy who resigned was widely seen as a reformer who was pushing the national bank of Italy to allow currency flows and the market to work as they should. We are going to lose an ally in the GWOT if Italy melts down ... not good.

Posted by lotp 2005-09-23 11:18|| 2005-09-23 11:18|| Front Page Top

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