As I have said repeatedly, Greece is nothing but a sideshow, with the election last Sunday in France far more important than the election in Greece that has had everyone's attention.
For further discussion, please see Greek Election Sideshow; Socialists Win Absolute Majority in France; How Long Will the Bond Market Celebrate Another Glorious Can-Kicking Exercise?
Today I want to expand on that topic with the idea that Spain is a sideshow to Italy.
Rise of the Five Star Movement
Reader Andrea who is from Italy but now resides in France writes ...
As I told you some days ago, in Italy...