LOS PLANES DE AUSTERIDAD podrían no funcionar en España e Italia:

ONCE again Europe’s leadership has been forced to put up billions in cash to halt the spread of contagion to the Continent’s weaker economies, this time in the form of a potentially vast purchase of Italian and Spanish government bonds by the European Central Bank. And once again the condition for rescue is more austerity.

But this time there is a difference. Unlike Greece, Portugal and Ireland — the patients previously forced into the austerity cure — Italy and Spain have already made their own substantial strides toward cutting their deficits.

Por cierto que queda un poco raro que el pie de una foto de las galerías Vittorio Emmanuele diga "imagen de un centro comercial en Milán", ¿no?