MLA:
"Can Berlusconi's Departure Save the Euro? - Megan McArdle - Business - The Atlantic." The Atlantic — News and analysis on politics, business, culture, technology, national, international, and life – TheAtlantic.com. N.p., n.d. Web. 19 Jan. 2012. <http://www.theatlantic.com/business/archive/2011/11/can-berlusconis-departure-save-the-euro/248121/>.
This article discusses Berlusconi’s resignation and his effect on Italy. Berlusconi decided to step down after Parliament voted on the new austerity measures, and as a result the stock market has increased. This is because it is hoped that Berlusconi’s resignation will allow Italy’s economy to rebound. However, Italy’s five-year bond yield was at 6.85% at the time of this article and is rising to 7%, which is considered the “tipping point” where other PIIGS had to seek bailout. Also, Italy “has to roll over more than 360 billion euros worth of debt in 2012,” which is almost 20% of their GDP. The author is clearly giving his or her opinion in this article, frequently using the word “I,” but also gives the other side of the argument, unsure of what Italy’s tipping point will be. The Atlantic monthly is a very credible source but this article was biased.
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