Berlusconi Took the First Step Will He Take Another ?

Berlusconi put together a budget plan that passed the senate on July 15th.

Apparently the ECB wanst him to do more in terms of reform and austerity.

If anyone has some info concerning his character and belief structures it would help dramatically in determining if this sell off is close to being over.

Will Italians protest austerity the way Greece did ?

Unfortunately this may be our answer: ““We are radically against your economic policies, your policies in Europe, and this austerity plan,” Pier Luigi Bersani, head of the main opposition Democratic Party, said in the Chamber today. “Our bond spreads are widening again today, showing that this plan won’t shield us from the crisis.”

The Italians have been protesting the question is resolve….

Background budget passing