A comment on "Zitto italiano…" from a diplomat who worked for a long time in Italy and knows the country well:
while I agree with a lot of what you say about Parmalat, I'm surprised you take the Bank of Italy's side on financial regulation. For too many years, and especially under Fazio (who with the euro has less to do elsewhere, and a huge staff), the Bank has promoted cosy cartels in the Italian banking industry and not acted as an effective supervisor of the financial industry. I'd be very happy for Consob to take over.