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MAR 10, 2013 - Zero Hedge

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Italy: The Dragon and the Cricket

The difficulty in making sense of the results of the Italian election has produced the common imagery of a clown to capture the comic Grillo, who appears to be the most unlikely politician since Lech Walesa, the unemployed electrician that led Solidarity in Poland, helping to bring fatal crisis upon the Soviet Union, and the general disdain for Berlusconi, whose political career appears driven as much by the need to avoid prison as anything else. While understandable, it confuses name calling for analysis. Moreover, it does not do justice to the two key forces in Italy, the dragon, Draghi, ... Read More

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