5.23.2008

Berlusconi Lowers Interest Rate


I don't pretend to understand Italian politics or government. Just recently, Silvio Berlusconi was (re) elected as prime minister. Google him. . .he is a very interesting character, to say the least. Last night an Italian friend told us that Berlusconi just announced a cut in interest rates; mortgage rates will fall to the levels of 2007. (No. . .I don't know what that level actually might be, but I believe it's a good thing for us and Fillipo.)

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