acting-man.com / By Pater Tenebrarum / December 7, 2012
The PDL Finally Makes Its Move
Ex prime minister Silvio Berlusconi has decided it is finally time to put that knife he has been wielding threateningly for a few weeks into Mario Monti’s back. What is apparently behind the timing of this move is Berlusconi’s recent decision to run in the upcoming election after all. One might call it a ‘flight forward’ on his part, since he otherwise faces criminal charges, with an increasing chance that one of the many legal problems he is beset with may finally stick him with a sentence he can’t wriggle away from.
Officially of course he purportedly needs to ‘save Italy’ from Mario Monti’s austerity policies. This piece of news has immediately sent Italy’s bond yields up by 13 basis points (to be sure, not a really big move yet in the larger context).
Italy’s 10 year government bond yield rises from its recent lows as news make the rounds that the Monti government may be about to fall – via BigCharts – click for better resolution.