Continuing this blog's advice on what not to invest in, Italy has established a four year bond which you can buy over the internet. Very convenient!
However, there will be elections in Italy next year, and the new government may or may not do exactly what the unelected Monti government has suggested. It might be an administration of a completely different mindset. Opinion polls say that the Monti administration, if it were to stand for power today, would receive 22% of the vote (100% in Berlin, of course, but they won't be part of the poll).
Sit this one out.
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