Some of this deserves to be quibbled with, and much more remains to be done, but the package looks bold, especially a week before crucial state elections.

ECONOMIST: The state holds a sale

It is striking that investors are looking for reasons to make riskier investments (buying shares, for example), which most would see as a good sign - although this would be self-defeating if it provided false signals to European government heads that they need to be less bold and ambitious in constructing a three-pronged rescue package for the eurozone.

BBC: Will propping up Italy weaken France?