Responding to increasing demand for the Italian delicacy in the US, Mondo Nutella (Nutella World)— Gigi Padovani’s insightful book about Europe’s favorite spread— has finally been translated into English.
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The upward surge of the spread to today's 506.48 for 10-year bonds (but 519 at the opening of the markets) has reignited interest in holding elections this November, six months ahead of schedule. The emergency premier Mario Monti reportedly told President Giorgio Napolitano Wednesday that, "My government has done what it could." Whether or not these were Monti's precise words, they definitely express a darkening mood.
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There's good news from Italy, and it's about time. (Never fear: at the tail end of this piece we'll report some bad news, too.)
