italian bond yields @ 6.65%, page-24

Italy will not fail - although it would makes good headlines...

For those who expect overnight solutions - think of the complexity of getting agreement for any proposed solution in the EU.

27 Countries
23 Official languages
64 Political Parties (excluding opposition parties)
738 Members of the European Parliament
One Parliament, one Council of Ministers, one Council, and one Commission
33 Supra-National Agencies

How long does it take for the US government to get agreement on the proposed budget cuts?

We all know, don't we?