Wolfgang Münchau sul Financial Times spiega perché i sacrifici italiani rischiano di essere addirittura controproducenti se non si prendono le decisioni giuste in Europa. E ora come ora questo non sembra il caso.
With five days to go, the world is waiting for a big political signal. What I fear is a fudge, consisting of a multi-annual fiscal retrenchment, no eurobond, at most a temporary debt redemption instrument. The ECB will provide liquidity measures to stabilise the financial sector, and it will also provide a backstop for the bond markets. But I find it hard to see how Mr Draghi can agree an unlimited guarantee in the absence of a political union and a eurobond. A strengthened stability pact is not a fiscal union. The way the negotiations are going now, I can see a compromise, but no solution.