In the end it was the bond market that got rid of Silvio Berlusconi. He entered politics for the safety it provided and opportunities of making money. He was accused of numerous crimes but always managed to stay out of jail because his vast wealth allowed him to appoint the best defence lawyers and the extreme corruption in Italy protected him. He lied about reducing his control of the media after becoming prime minister and was totally shameless when exposed for using a teenager, Karima el Mahroug for his bunga bunga parties. He then used his influence to interfere with police investigation of the girl. His excuse that he thought her to be the granddaughter of his friend Hosni Mubarak, former president of Egypt, is so pathetic that you wonder how Italians could allow such a clown to humiliate their country time and again. He probably saw himself as a macho latter day Julius Caesar dallying with Cleopatra but in reality came across as a slimy third rate hood lying and twisting every which way to stay out of prison. George Papandreou of Greece had the courage to offer a referendum to his people which eventually cost him his job but not so Berlusconi. Till the last he tried to stay in power until a vote on the budget showed his lack of a majority. He has used his country for his own self interest and leaves it with a debt of $2.6 trillion. Next year Italy will have to roll over $360 billion and the markets do not believe that it will be able to do so. Yields on 10 year bonds rose above the psychological 7% level this morning. Sadly India also has the Italian model and our politicians are just as slimy criminals. How to get rid of the Italian model?