Do you think Italy’s new government will be able to make good on the budget and help stop the disintegration of the eurozone?
http://blog.easy-forex.com/2011/11/italy-too-large-to-be-bailed-out/
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Its certainly an interesting time to be in FX, whether this disintegration occurs or not – riskys are bottoming off all-time lows last week. In fact, euro calls havent been more expensive than puts in over 2 years. While I obviously dont expect 4+ vols to disappear over night, that’s where my eyes will be to gauge sentiment.
