Why I'm Flying To Italy Tomorrow — In One Chart
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I'm flying to Italy tomorrow night.
I'll be spending 3 nights in Milan, and then 3 nights in Rome, all to cover the Italian election.
Why is the Italian election worth covering?
Well for one thing, elections are always fun events.
But for another thing, the election has big implications for Europe, and it basically all comes down to this chart. It's the yield on the Italian 10-year bond, which peaked in late 2011, as the Euro crisis was raging. That peak coincided with the resignation of Silvio Berlusconi.