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Angry and disillusioned, Italians are voting today in a general election, with the center-left...

  • Sunday, February 24, 3:20 AM ET
    Angry and disillusioned, Italians are voting today in a general election, with the center-left Democrats leading in the polls. The rise of the anti-establishment Five Star Movement and Mario Monti's position in last place means that the biggest fears for markets are a weak government, and, as economist Raj Badiani says, a "significant no-confidence vote on the current austerity plan and the need to reform further."
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This news story has 11 comments:

  •  
    Doesn't "angry and disillusioned" describe a large chunk of the Eurozone these days, not just the Italians?
    24 Feb, 06:26 AM Reply Like
  •  
    ditto for most Tea Party Republicans these days as well
    24 Feb, 09:52 AM Reply Like
  •  
    only the southern part
    not Germany and the northern part
    24 Feb, 08:42 AM Reply Like
  •  
    Wonders never cease -- and election on a non work day!

    Third world countries like the U.S. should pay attention. ;-)
    24 Feb, 09:17 AM Reply Like
  •  
    Indeed, the U.S. is rapidly becoming a Third World country as a result of uneducated, bereft voters and corrupt politicians .
    24 Feb, 10:10 AM Reply Like
  •  
    Bought your tickets for Costa Rica already??
    25 Feb, 08:14 AM Reply Like
  •  
    " no confidence in the austerity plan" does not equal "need to reform further"

    Italians may well kick out the austerity vote in favour of can -kicking, govt debt finance - putting italy on collision course with europe and a revolt against the fragile EU "fix"
    24 Feb, 09:35 AM Reply Like
  •  
    You cant bleed blood out of a rock Its not a matter of if Italy or any of the PIGS will default but when Austerity is for the suckers or voters is what Italians are rejecting , Italian bondholders are not guaranteed a return, never were, that's a risk you take like with any bond purchase except under these so called austerity plans .There is no austerity for banks.All that debt needed to be restructured years ago vs piling on more new debt on top to pay off the debt they couldn't pay. Italy needs needs to pull out of the EU return to the lira, they'll be better off for it.Iceland was never part of it, they refused to bail out their banks and they are doing much much better than any of these austerity PIGS countries are .
    24 Feb, 10:12 AM Reply Like
  •  
    Italy will do the right thing. They do need to realize that paying your taxes is a good thing.They will not leave the EU, that is silly. Won't happen. reforms will happen.
    24 Feb, 12:11 PM Reply Like
  •  
    The convicted comedian is the wildcard. He even looks like Marx.
    24 Feb, 01:25 PM Reply Like
  •  
    How can these episodes of political theater make any real difference when the inevitable outcome is more bad government, more bad debt and more bad money?
    Before Italy can ascend it must descend until life for most citizens becomes so unpleasant that they rise up in popular revolt against the domestic elites and Eurocrats.
    25 Feb, 05:25 AM Reply Like
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