Italy's interim PM forms a new cabinet and takes up the finance docket. Must be missing his ECB VP days. Let's how he'll magically solve the Italian debt pasta. And even funnier if not ridiculous, Intesa CEO appointed Dev & Transport minister. May be to transport lira's from the debt full Intesa coffers... The shameless circus of the system in euroland & US has broken the scale in 2011...
Meanwhile Greek 1 & 2yr bond yields read 263% & 115% respectively with the euro getting kicked about this week...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!