Italy is in a shambles at the moment (or rather, in more of a shambles than usual). Nonetheless I am quite happy with the government today:
Italy's prime minister Silvio Berlusconi said Bank of Italy governor Antonio Fazio's continued stay in office is 'incompatible with national credibility'.Took them long enough, but I'm still happy. Too bad the finance minister, who was rather good, had to resign.
Berlusconi was speaking after a meeting of government party leaders, who unaminously named deputy prime minister Giulio Tremonti as economy minister to replace Domenico Siniscalco, who resigned last night.
'In the course of the meeting, the conviction emerged that the stay in office of the governor of the Bank of Italy is no longer opportune, nor compatible with the international credibility of our country,' said Berlusconi.