I would have lost my bet over just a few hours difference!
Silvio Berlusconi has finally given up the ghost in Italy and still the markets are pushing up Italian debt costs. 7% is well beyond the means of the Government to fund long-term. In the UK you would be currently looking at another £40 billion a year in debt servicing costs - imagine the pain of those cuts.
However, I am really looking forward to the riot today - something fun to watch out of the window!