Why the Italian Vote Is a German Failure
Posted on March 03, 2013 at 22:19 PM EST
Signals sent by the Italian election have (a) reaffirmed changes in the euro area fiscal consolidation policies, (b) strengthened the area's integration process, (c) forced Italy to face stark choices and (d) created conditions for euro area's better policy mix possibly suggest some of the blood is on Germany's hands.