Now this is a bailout I can get behind.
While we're over here fussing about with cars and banks and other silly things, Italy is worried about cheese. According to the WSJ , the Italian governement is buying 10,000 wheels of Parmigiano Reggiano and donating them to charity.
Producers have been losing money for years as the cost to make a kilogram of cheese is approximately a euro more than it sells for. Ironically, it's the fact that there are so many small, independent producers that keeps the market in control, an ancient mindset that the farmers aren't willing to change. The bailout will tap 50 million euros from the fund for feeding the hungry, but the people seem to be supporting the effort.
Except maybe Vincenzo Oliviero, head of the buffalo mozzarella makers. The mozz has been in jeopardy since the great Naples garbage scandal, due to consumers' fears of a product tainted by the heaping refuse, but no one is talking bailout to him.