Time to pin this one I think:
MONTI: ITALY IS AGAIN IN CRISIS
MILAN/BOLOGNA (Reuters) - Italy is again flirting with economic disaster, Prime Minister Mario Monti said, as crowds massed in sporadically violent protest at his austerity programme a day ahead of an election in Greece that threatens to destabilize the whole euro zone.

"We stepped away from the precipice before, but the hole is growing bigger and it may swallow us up. We are again in a crisis," Monti said on Saturday at a ribbon-cutting ceremony near Milan... http://finance.yahoo.com/news/italys-mon....

Meh, no worries. After all, the "crowds" that "massed" have only been "sporadically violent."

Nice, bear. I'm limited in my posting ability these days. Thanks for the start of the thread...

Bank Of Italy Caught Lying About Imploding Monte Paschi, Counters With Even More Ridiculous Lies
Submitted by Tyler Durden on 02/04/2013 - 11:43
The other half of the reason for today's Italian stock market collapse is the well-known to our readers scandal involving Italian bank Monte Paschi, which also refuses to go away due to its massive political implications three weeks ahead of the Italian elections. Yet the reason why little if anything has been mentioned about what may soon be a nationalization of the third largest (and just as insolvent) Italian bank in the mainstream US press is the resulting humiliation for the current ECB head, ex-Goldmanite Mario Draghi, who has been aggressively pushing to become a bank supervisor of all European banks as ECB head, yet with every day new revelations emerge about how epically he failed to supervise a major Italian bank right under his nose as head of the Bank of Italy. The latest in this developing scnadal which not even the market can ignore any more comes once more from the Bank of Italy, which has once more changed its story. Recall that as recently as January 23 Mario Monti vowed to Davos that nobody knew nothing: BANK OF ITALY SAYS MONTE PASCHI HID DOCUMENTS ON TRANSACTIONS. This was a sentiment that was vouched by the Bank of Italy itself, which pled complete ignorance and accused then BMPS management of everything. Turns out Monti and the Bank of Italy both lied.

http://www.zerohedge.com/news/2013-02-04....

Karl, can you pin this thread in Breaking since the Italian voters seem to be injecting some reality into the EU debt party now?