Yes, says the FT. Monti admits he’s losing the support of the Italian power structure.
So The number four euro zone economy is deciding how big a bank bailout to take while the third largest sees its technocratic PM losing support.
Greece? Yeah, they vote next week. The results ill be bad or worse. Bad if the conservatives get into power and try to keep the status quo limping along. Worse if the radical left gets in and blows the country to kingdom come…
Selling rallies towards 1.2625 with a tight stop looks very enticing for the next leg lower…