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APR 24, 2013 - Zero Hedge

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What Next for Italy?

Italy is getting closer to putting together a grand coalition government. This has always seemed to us the most likely scenario, but the route to it has been circuitously torturous. Three considerations have led to President Napolitano granting the prerogative of forming a government to the deputy leader of the center-left, Letta.  First, the unprecedented move to grant Napolitano a second term required an agreement between the center-left and center-right.  Second, such an agreement required the resignation of Bersani, the center-left leader.  His attempt to push Prodi's ... Read More

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