What a nice Thursday! Prodi loses the guide of the country, a trader in Societe General loses 15% of the bank's assets... Concerning the Prodi government I have t oadmit that I feel relieved! I don't dislike Prodi and I didn't dislike this government as much as I can dislike and Berlusconi one but, these 2 years have been a constant rollaercoaster and I really hope that nobody will ever propose, again, a wide coalition going from Karl Marx's orphans to the Pope laques.  When thie government took power many of the people I knew claimed that the government would not have lasted much because of the hardliners sitting left of the Parliament, while I have always been sure that the reason of the failure would have been the centre. It revealed to be like that and, typical ofItalian politics, allies break not for political issues but either personal (see Fini and Berlusconi) or because the guy sitting on the throne of Peter is pissed off with the Italian attitude towards matters like lay state, abortions, divorce and so on. Once again the so called moderates are those who make more noise and once again a tiny poltical party led by a sort of politician sends Italy to a possible transitional government and to the election. Now there will be a month of talks to try to find a solution and we could see some particularly new coalition to start and try to complete some reforms even if I hope, I am sad to say that, that Veltroni and Berlusconi, leaders of the two biggest Italian party, do everything by themselves without caring about the small parties. 

Societe Generale... What can one say? What kind of message we send through the investors when things like this happen? Who implemented the security's policies in Soc Gen? I think that they are as guilty as the rogue trader. 15 years after Nick Leeson we have a similar case as if in the meantime nothing had happened. Oh well... have a nece day world!