Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''But within minutes, he retracted it:
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
Italian Prime Minister Silvio Berlusconi reversed his comments that leaders are discussing closing the world's financial markets while they ``rewrite the rules of international finance.''So WTF is going on? Did he actually hear it on the radio, or did he hear it from other world leaders who didn't expect him to open his big mouth?
``I heard it on the radio,'' Berlusconi said about an hour after his initial comments his spokesman confirmed. ``The hypothesis wasn't put forward by any leader, including myself.''
An hour earlier, during a press conference in Naples following a Cabinet meeting, Berlusconi said, ``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed.''
I don't know, but Bad American as well as Canadian Silver Bug are of the opinion that it might be a good idea to stock up on supplies and cash this weekend.
On the other hand, maybe Berlusconi was just speculating wildly, or offering an opinion as to what he thinks should be done, and nothing will be done about it. We'll know soon enough I guess...