Could Italy simply be too big to rescue?
Is this the most critical day of the crisis? Until now the nations caught up in the Eurozone crisis have been small fry. That’s all changed with the heat being on Italy – which is eighth in the world ranking of countries by the size of their GDP. Berlusconi’s announcement that he plans to step down might have had a bigger impact if he had gone ahead and done it. As it is the levels of interest being paid on…