Tuesday, August 02, 2011

What could possibly have gone wrong?

Above (via European Council photo service), Council President Herman van Rompuy and Commission President (since the Bertie Ahern-brokered deal that put him there in 2004) Jose Manuel Barroso initiate the Eurocrat orgy of self-congratulation following the July summit that kept Greece on the official financing morphine until the next spasm and so saved all of the Eurozone from contagion.  We were told.

Today --

Italian authorities will meet on Tuesday to discuss growing market turmoil that has sent borrowing costs spiraling to dangerous levels and threatened to drag Italy into full-scale crisis.

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