From the wire yesterday in a story about how political consensus in Italy helped calm the market and prevented a meltdown. Livy in the third par:
13:15 13Jul11 -Italy political consensus helps calm markets
By James Mackenzie and Deepa Babington
ROME, July 13 (Reuters) - Rapid agreement by Italy's government and opposition parties to pass debt-cutting measures helped calm markets on Wednesday but policymakers, fearing a prolonged market attack, demanded Europe find a definitive plan to solve the euro zone debt crisis.
Economy Minister Giulio Tremonti, widely seen as the guarantor of Italian financial stability said the government's four-year, 40 billion euro austerity package would be approved by Friday and he brushed aside rumours that he may step down.
"Hic manebimus optime," he told a meeting of the Italian banking association, using a phrase borrowed from the Roman historian Livy.