Silvio Berlusconi’s long, drawn-out resignation reminds me of Saturday Night Live‘s running joke that Francisco Franco was “still dead.”
Every day, we read that Berlusconi is still resigning.
He didn’t cause the euro crisis, and his resignation won’t end it.
Italy and Greece can’t have the same currency as Germany. They have to have their own currencies that float against other currencies and the ability to print money. They don’t need less control over their fiscal and monetary policy, they need more.