As the spread falls to 286 this afternoon Prime Minister Monti remarked that he is pleased to have reached the objective he declared when his administration took over the country 13 months ago after borrowing costs for Italy had reached unsustainable levels; international financial markets had wholly lost confidence in the country's economy.
However Silvio Berlusconi, whose government lost a major vote of confidence in the Lower House in November 2011, to be replaced by Monti's, has announced that should he win the February general elections there will be a commission of inquiry into his fall. His suspicions of an international plot to be rid of him encompass: the Chancellor of Germany; the President of Italy; the presidents of the European Union Council and its Commission; the current Italian prime minister; and various technical advisors who bamboozled him with ostensibly non-political advice that the Italian economy was in a catastrophic position.
Mr Berlusconi is, and was then, engaged in trial and appeal against conviction on a number of personal matters.
Mr Monti finds himself confused by Mr Berlusconi "at a logical level" (Berlusconi having called for Monti to: lead a coalition of the Right; not to stand at all; to recognise that he is unable to command votes; for the electorate to vote for the Democratic Party - ie statist Left and extreme Left; and to stand as President Napolitano's replacement, among other suggestions). Monti nevertheless thought the idea of a commission of inquiry on the fall of the Berlusconi administration "interesting".
Kashyap on Greece
12 hours ago