You have to love the irony here - France and Germany conspire to have Silvio B dumped as PM of Italy and install their techno puppet Monti ! Somewhere along the way , he seems to have forgotten he is a techno puppet ! And now he is threatening Germany to put up more money or else they may face the wrath of Khan ! Via CNBC citing the FT....
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Italy’s prime minister has pleaded for Germany and other creditor countries to do more to help lower his country’s borrowing costs, warning there would be a “powerful backlash” among voters in the euro zone’s struggling periphery if they did not.
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Rome would push the German government to realize it was in “its own enlightened self-interest” to lend more of its fiscal weight to lowering borrowing costs of Italy and other highly indebted governments. The single currency had brought “huge benefits …and maybe [to] Germany even more than others,” he said.
The stance could put Mr. Monti, whose appointment to replace Silvio Berlusconi was cheered by German chancellor Angela Merkel, on a collision course with Berlin. Ms Merkel has been reluctant to take more aggressive action to lower Italy’s euro-era high borrowing costs, such as supporting commonly-backed “eurobonds” or increasing the size of the euro zone’s rescue funds.
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