The latest news out of Italy concerns the role played the head of the Italian central bank in reviewing buy-out bids by competing Italian and Dutch interests.
The following story provides an interesting glimpse into how the judicial machinery of a nation-state can encroach upon the nationalist imperatives of that same nation-state in the arena of international capital. There is also a good deal more about this story than will be revealed in the short term.
I can only imagine that if Allen Greenspan were to do something along the same lines and it were caught on tape, the biggest question here would be, "Who decided to bug big Al?" As it stands, Antonio Fazio is on the hot seat. We shall see how long he remains.