This is much more serious than a few 'bunga bunga' parties. Berlusconi's economic ineptitude has blown up in his face What is happening in Italy ? Old stereotypes have been common in recent reporting of the worsening crisis in the eurozone. These Mediterranean countries with their big state debts, "problems" with criminality and established black economies have frequently been lumped together as the "sick men of Europe": lazy, unproductive, with trade unions who go on strike and people who protest in the streets. How outdated they are! Yet this kind of analysis is...