Al Dente

Steve: Still don't trust me?
Stella Bridger: I trust everyone. It's the devil inside them I don't trust.
--The Italian Job

Italy continues to look like the next EU hotspot. Italian sovereign debt is marking new lows this am. Chatter is getting louder that the Italian prime minister Berlusconi and his administration are on the way out.

Contacts from my network that know the situation suggest that income administrations are likely to make Berlusconi look like the austerity king...