11/6 AEP: Europe's rescue fiasco leaves Italy defenceless

By John Galt
November 6, 2011 – 15:20 ET

Italy is toast.

The G20 decided to do nothing.

The ECB/EU cartel has no definitive funding source to bail out the dying PIIGS.

And it is so bad they are turning East to the Bear (Russia) to beg for money.

Tonight's editorial in the UK Telegraph by Ambrose Evans-Pritchard just begins to scratch the surface of just how screwed Italy is. Click on the title to read the article in full:

Europe's rescue fiasco leaves Italy defenceless