Grillo’s Moment?

Grillo's Moment?

Beppe Grillo’s Five Star Movement, which he founded in 2009, surfaced as Italy’s largest single party in the chamber – an outcome that will propel shock-waves all over the eurozone and elsewhere. Grillo, an Italian comedian and an actor-turned-politician rode the wave of popular resentment against the left and right by providing an anti-establishment platform for Italians tired of inaction and corruption of government agencies. Eurocrats have been hoping for a steady government in Italy, and are expected to be perplexed by the success of populism in the eurozone’s third largest economy.

The expected results might launch the euro’s shakiness after months of tranquility. Investors worry over Italy’s capability to repay its massive debts. The Milan bursa saw a mad session, closing 0.73% until the full degree of insecurity was obvious.

Interestingly, many Italians who yearn for genuine change woke up on Tuesday only to see two showmen, Silvio Berlusconi and Grillo, celebrating their respective victories. History does not know many showmen-turned-politicians except for the actor who ended the Cold War. Perhaps Italians can console themselves with the fact that even if Italy will eventually sink, the country will be kept entertained by the two protagonists - Beppe and Silvio - all the way until the bitter end.

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