02/25/2013 08:27 am ET Updated Apr 27, 2013

Paul Krugman: 'Outside Observers Terrified About Italy's Election'

Two months ago, when Mario Monti stepped down as Italy's prime minister, The Economist opined that "The coming election campaign will be, above all, a test of the maturity and realism of Italian voters." The mature, realistic action, presumably, would have been to return Mr. Monti -- who was essentially imposed on Italy by its creditors -- to office, this time with an actual democratic mandate.

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