Monti Forms Technocratic Government Which He Will Lead And Be Finance Minister

Tyler Durden's picture

Looking why the EURUSD has just gone berserk? Here is the reason - another barrage of flashing red headlines out of Italy:

  • MONTI ACCEPTS OFFER TO FORM ITALIAN GOVERNMENT
  • MONTI ANNOUNCES CABINET MEMBERS
  • MARIO MONTI TELLS PRESIDENT HE WILL LEAD NEW ITALIAN GOVERNMENT
  • MARIO MONTI TO BE FINANCE MINISTER IN NEW GOVERNMENT
  • INTESA CEO PASSERA NAMED ITALY DEVELOPMENT, TRANSPORT MINISTER
  • MONTI NAMES GNUDI MINISTER                             
  • MONTI NAMES PIERO GIARDA MINISTER                       
  • MONTI NAMES NAMES PASSERA MINISTER

Yet across the Alps this is the only headline that matters:

  • MERKEL ECB DOESN'T HAVE OPTION TO SOLVE EURO PROBLEMS

From Bloomberg