Posted Oct 28, 2013 by Martin Armstrong
Italy has plunged into the political incapacity for over the weekend Silvio Berlusconi,split his own party. Thus, the government Enrico Letta is actually left completely incapacitated for he does not even know who the opposition is any more.
Unemployment among the youth in Italy is 40%+. The EU Commission will not even allow any democratic process to take place in Italy and because Berlusconi, was contemplating withdrawing Italy from the Euro, the EU Commission orchestrated a coup to remove him from office. Italy is not yet down for the count. This deflationary atmosphere to support the banks is tearing everything apart at the seams. Austerity is destroying Italy.