Italian Vote just in: Berlusconi loses majority

**sasguru** · 8 November 2011, 15:52

If this results in Italian bond yields still rising, Italy and the Euro are toast.
And my guess is they will.

**DimPrawn** · 8 November 2011, 15:55

Euro will in the end be saved by money printing. It's what the Japs, Yanks and Brits have done to devalue debt, and it's what the Germans will have to concede is the only solution to holding the Euro together with so many indebted nations.

If you have Euros, buy property, gold, beans and guns if you are allowed.

**Mich the Tester** · 8 November 2011, 15:58

Originally posted by sasguru View Post

If this results in Italian bond yields still rising, Italy and the Euro are toast.
And my guess is they will.

Ah yes, but a very tasteful toast with a light tomato, garlic, olive oil and oregano sauce and perhaps some verdicchio to wash it down. I think it's more a 'bruschetta' than just 'toast'.

**d000hg** · 8 November 2011, 16:38

Blimey. So should I keep my money in the USD account?

**russell** · 8 November 2011, 16:42

Originally posted by sasguru View Post

If this results in Italian bond yields still rising, Italy and the Euro are toast.
And my guess is they will.

They are up to 6.74900. I reckon tomorrow will be known as black Wednesday.

Italian Vote just in: Berlusconi loses majority