If this big Euro experiment is going to succeed, it is important that things in Italy stay fairly stable. The good news is, the country's banks are in relatively good shape and its leader appears competent. The bad news? A massive sovereign debt load.
At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.