The Italian crisis is a huge problem for not only Italy or Europe, but indeed for the entire world. The Europeans were already fighting for survival on the Greek front – to name one – but now the Italian problem seems like a problem too many for the Europeans. Berlusconi was never going to be the answer to the hole that Italy finds itself in, and hence his departure was inevitable. Italians would need to muster up all of their energy to dig themselves out of this mess. I hope for the Italians’ sake that the man who replaces Berlusconi comes up with a better reform policy than the previous Prime Minister.
