Another way of saving Greece, Italy and everybody else would be for the ECB to permanently extend liquidity on a vast scale (as it does for Greece), swapping its good money for their bad money on an open-ended basis.

BBC: Italy: 'Hang on lads, I've got a great idea��'

Smart leaders use elasticity in the most fluid and flexible fashion to extend their engagement, increase their knowledge, and to create scale for those they lead.

FORBES: Span Of Control - 5 Things Every Leader Should Know