With the PMs of both Greece and Italy circling the drain, and both nations attempting to demonstrate that their preferred response to outside interference would be the no government approach, it wasn't going to be long before the financial markets wised up to the fact that this was not a particularly positive news story.
On a separate note, us gibberish speakers in Latino-land are all Greeks. For Gringo apparently derives from Griego, the favourite term of abuse in eighteenth century Málaga for anyone who spoke Spanish badly. (In Madrid this agravio was reserved for the Irish.)
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