Borrowing From Italy

http://www.financialsense.com/fsu/editorials/kirby/2010/0216.html offers a much better documented case on why United Kingdom commentors should stop calling anyone else PIGS.  Italians couldn't care less what non-Italians call them;  their sense of self and its beauty, their delight in their country in every sense - history, culture, wealth, life-style -  is beyond the reach of mere mortals.  It's incomers like me who grow irritated by external vulgarity and incomprehension of Italian perfection.

Italians are far too urbane to remark on Mr and Mrs Brown and their diverse but united transgressions against good sense and good taste.  That Mr Brown is as a (non-Italian) child in his conduct of his  country's finances (Italians persist in regarding their colony as stopping at the Wall) is to be expected.  Did Mario Draghi gave him a helping hand in hiding his incompetence, and as resulting ravaging debt became all too much for him?  It was well understood that a useful idiot would be needed for the wilder shores of capitalist and financial markets to be provided with an offshore, non-European haven outside of more severely conducted states.

Fashion is one of the sectors designated by Brown as a 'British growth sector'.   Even Mario Draghi isn't going to be able to hoik him (or is it her?) out of that delusional mindset.


FURTHER

Mario Draghi didn't help Greece with its swaps;  the Bank of Italy has stated he hasn't helped anyone else either.  Thank Goodness for that.  No one decent should touch the Brown regime with a barge-pole.