Italy's Real Impact

If the Italian crisis had happened in a vacuum, then whether a government was formed there would have little effect on the global economy, but given the tenuous state of the Euro-zone and the world economy as a whole, Italy becomes one more complication that may just be that fatal straw. In a sane world, the absence of austerity measures in Rome would not make waves, but nations are so overextended that the camel's back is already breaking.