Berlusconi Lost a Battle Not the War

“While it appears Mr Berlusconi may have overplayed his hand this time, he’s still shaping events and it’s a tad premature to talk about a post-Berlusconi era,” Nicholas Spiro, head of Spiro Sovereign Strategy warned.

“More importantly, just as a weakened ‘Il Cavaliere’ (‘The Knight,’ Berlusconi’s nickname) doesn’t solve Italy’s underlying economic and financial problems, a continuation of the Letta government doesn’t provide any kind of breakthrough,” he added.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza