Here Comes Monti

The new Italian prime Minsiter has been chosen. Mario Monti, is an ex european Commisioner who has been a big proponent of the idea of EU. He has been all along a big beliver of the monetary Union and is expected to do everything to keep Italy within the Eurozone. He will announce his cabinet today evening. The Italian bond yields have come off a little as the new govenment takes shape. I believe that if Monti announces a credible roadrap to reform Italian Finances, Risk assets accross the world would rally sharply in the short term. Lets see what Monti has up his sleeve.........