In the recent Italian elections, incumbent Prime Minister Mario Monti recieved a paltry 10 percent of the vote.
In part it was because people didn't like his austerity/reform policies, but the real reason he was so disliked is that he was seen as a "puppet" for Brussels or Angela Merkel, doing their bidding in Italy.
People do not like it when outsiders are calling the shots.
Since the Eurozone crisis started,
This is an unfortunate political reality.
And now we see this on display again.
Frederik Ducrozet, an economist with Credit Agricole, tells Business Insider:
I think the
There were multiple reports which indicated that Germany told Cyprus: Confiscate your depositors' money or leave the Eurozone.
That's a terrible political dynamic, and on top of Italy it exacerbates a bad overall political situation.