Sep 6, 2011

If Berlusconi Was Gone Tomorrow, Italian Spreads Would Be 50-100 basis Points Lower

“I think Italy has to do it, fiscal austerity, and even if they do it, the markets are going to be nervous about the credibility if this government. I think that if Berlusconi was gone tomorrow, Italian spreads, even with the same policies, would be 50-100 basis points lower." - in CNBC