Epstein Secrets

r both would destabilize not just Italy but Europe as a whole. But remember, Italy isn't unique: disreputable politicians are on the rise all across Southern Europe. And the reason this is happening is that respectable Europeans won't admit that the policies they have imposed on debtors are a disastrous failure

n will be, above all, a test of the maturity and realism of Italian voters." The mature, realistic action, presumably, would have been to return Mr. Monti — who was essentially imposed on Italy by its creditors — to office, this time with an actual democratic mandate. Well, it's not looking good. Mr.

Lhc,Nctu Bork Cr;imcs y 2•1 2012 Austerity, Italian Style By PAUL KRUGMAN Two months ago, when Mario Monti stepped down as Italy's prime minister, The Economist opined that "The coming election campaign will be, above all, a test of the maturity and reali

tabilize not just EFTA00692522 Italy but Europe as a whole. But remember, Italy isn't unique: disreputable politicians are on the rise all across Southern Europe. And the reason this is happening is that respectable Europeans won't admit that the policies they have imposed on debtors are a disastrous failure.

n will be, above all, a test of the maturity and realism of Italian voters." The mature, realistic action, presumably, would have been to return Mr. Monti — who was essentially imposed on Italy by its creditors — to office, this time with an actual democratic mandate. As Paul ICrugman wrote this week i

so broke right now. And the Republicans' refusal to acknowledge this is pretty much the whole problem. THIS WEEK'S READINGS Two months ago, when Mario Monti stepped down as Italy's prime minister, The Economist opined that "The coming election campaign will be, above all, a test of the maturity and reali

t ratios above 80%. And of course, if the current strategy doesn't work, the EU will simply have made the problem bigger for the ECB and EU banks. Southern Europe needs capital to finance both budget deficits and trade deficits. Private sector capital is going to need a reason to come back, and absent a much w

a reflection of a battle that Germany had already lost; the resignations were merely signs of the capitulation that followed. Italian Prime Minister Mario Monti actually went so far last week as to warn about a "powerful backlash" in the periphery against Germany, should Germany not do more to lower credit