A few developments in the Italian political circus today:
- Centre-Left leader Bersani officially resigned, as promised
- The Northern League party said it won’t be a part of any new govt
- President expected to announce decision on new government Wednesday
It`s tough to analyse what every twist and turn in the soap opera means for Italy and the euro. The shortcut is to look at Italian bonds and they are saying that things are better than they have been for a long time.
