Good news from Rome: serious people are running Italy. After a decade of government-as-cabaret-act under Silvio Berlusconi, the era of Mario Monti should be more like one of those classic 1970s Italian movies that had subtitles and dealt with matters of life and death. He has made a good start; pension reform is in place and he is starting to tackle entrenched rigidities in the economy. Mr Monti’s efforts are not reflected in bond markets, though. Italy’s 10-year bond yield, at 6.4 per cent, remains higher than Spain’s.
罗马方面传来了好消息：眼下管理意大利的人，比较靠谱。过去十年，西尔维奥•贝卢斯科尼(Silvio Berlusconi)领导下的政府就像是一场夜总会里的歌舞表演。而如今的马里奥•蒙蒂(Mario Monti)时代，应该更像是20世纪70年代的经典意大利影片——有着对白字幕，演绎着生与死的主题。他的开局相当不错；退休金改革已经到位，他又开始着手解决根深蒂固的manbetx20客户端下载 僵化问题。不过，蒙蒂的努力还没有在债券市场上得到反映。目前，意大利10年期国债的收益率为6.4%，仍高于西班牙。