Yesterday, Silvio Berlusconi, the Prime Minister of Italy, showed up at the Emergency European financial crisis meeting (I’ll bring the crêpes!) a little pissed off.
He performed his best ‘Roger Ebert watching Beverly Hills Chihuahua’ impression and gave a resounding ‘thumbs down’ to the idea of countries using the Euro to ‘temporarily guarantee future bank debt to encourage lending’. Although the plan has seemed to work today while easing the credit crisis and causing markets around the world to rally, I guess Berlusconi wasn’t impressed by its implications at the meeting.
I think Berl-y needs to start showing up at these summits with a giant foam middle finger, it would be way cooler.
MiamiHerald: Treasury will buy banks; Asia, Europe bounce back, October 13, 2008