dont think you are aware of the risks involved. the Italians love changing government, the concern is that the next one will usher in parties that are anti-euro and anti-EU. *if* they gain enough seats in an upcoming election, thats a bit of a problem. secondly, some of the banks in Italy are...
if they write off debt they have to fill the missing holes in their balance sheet, by either borrowing more themselves or not lending so much out. with problems on their balance sheet, the first is difficult to ruled out, and the later means less revenue (so compounding their problems) while...