Bini Smaghi Says Grillo Vote an Irrational Reaction

March 8 (Bloomberg) -- Former European Central Bank Executive Board Member Lorenzo Bini Smaghi talks about the response of the Italian electorate to the austerity program, support for Beppe Grillo's Five Star Movement and ECB policy. He speaks with Bloomberg Television's Francine Lacqua from the sidelines of the Ambrosetti workshop in Cernobbio, Italy. (Source: Bloomberg)