Italy’s Unelected PM Mario Monti: “Eurobonds, Or I Resign”…(Bye Bye!!)
by Tyler Durden
ZeroHedge.com
06/26/2012
Just when we thought the European drama couldn’t get any more poignant, here comes Italy’s unelected former Goldmanite Mario Monti, and threaten that the beggar will pull the trigger on his own political career if he is not allowed to be a chooser. From Il Giornale: “If the Chancellor does not give up I will tell you that I resign because if things do not change are not able to bring Italy out of the abyss”, he suggested relying on the bogeyman of the crisis that would bring Italy under attack of speculators. On the other hand, Merkel knows all too well that the fall of Rome would mean the collapse of the definitive ‘ euros by prospects that would put the shivers even in Berlin.” So one hand for Merkel Eurobonds are a matter of life or death, while an elected technocrat with no leverage at all, threatens to quit. Our money is on the German.
