Spread up to 390, is Monti failing?

This morning, spread (between italian and german bonds) climbed to 390 basis points. For which reasons? I think the government has not understood that, with what he did, he just put some patches on huge holes that needed instead to be filled with solid earth. He was not wrong to raise the retirement age, it was not wrong to raise taxes, of course talking about the context of Italy nowadays. What was wrong was to do absolutely nothing to stimulate economic growth in a country that is not growing and will continue not to do so. They have tried to head that the cause of all  the ills  of the country was the amendment of Article 18, even when the reality is that the cause of all the ills of the country is the ridiculous level of tax evasion.  They could have liberalize, could  have streamline the bureaucracy, they did nothing. They threw in the toilet the greatest opportunity that, perhaps, an Italian government has ever had. We called a caretaker government that bore his power by adopting solutions that my grandmother would have been able to adopt the same way. They could show the ineptitude of politicians, instead they almost succeeded in the endeavor to make them appear capable people. They continue in their policy dangling, youth unemployment is dramatically increasing and  so the  spread. Nobody  should think that speculation is attacking us strongly. Speculation, in this case, is natural, it is not the matter.

These market gurus would have known what to do to be successful, at least towards the market. Because we have disgraced the citizens of the State, in the name of the market (...). And then, if neither the market enjoyed them, the road to bankruptcy (for the Government and for all us) is increasingly flattened ...