“Update: According to subsequent press reports, Monty has denied he threatened to resign. i.e., Monti just blinked. So now it is up to Merkel who will either have a very short life, or Monti will have to come up with a different professional suicide gambit.
Just when we thought the European drama couldn’t get any more poignant following Merkel’s statement earlier which boils down to “No eurobonds or death”, here comes Italy’s unelected PM and former Goldmanite, Mario Monti, threatening 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”
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