For any national leader in the Euro Zone who wishes to cling to his or her job, there are four basic rules of survival:
- Always be nice to German Chancellor Angela Merkel.
- Never call – or even threaten to call – a national referendum on any issue.
- Never criticize or call into question the actions of the Troika, or any of its three constituent members, the European Commission, ECB, and IMF.
- Never mention – or even entertain – the idea of exiting the euro.
But today (or should I say yesterday, or the day before yesterday…) the youngest ever Prime Minister of Italy, Matteo Renzi, veered dangerously off-message: he broke rule number three…
Read the full article @ Wolf Street.