Saturday, November 12, 2011

Pushed ahead of February elections

Silvio Berlusconi bows out after Italian MPs vote for savage cuts

Silvio Berlusconi has resigned as prime minister of Italy after a historic vote paved the way for a new government in Rome tasked with shoring up the country's economy and taking it off the frontline in the eurozone crisis. With his formal resignation, which was confirmed by the presidential palace on Saturday night, the 75-year-old billionaire brought down the curtain on a government that has played a significant role in taking the European single currency and the global economy to the brink of catastrophe. So Wednesday's (Thu's?) promise that he'd he'd hold elections in February and not stand for re-election wasn't fast enough for someone with more Powers-That-Be points

Posted by blinktoofast @ 09:55 PM (1213 views)
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3 thoughts on “Pushed ahead of February elections

  • Savage cut…heem.. those Italian MP were retired after 1 term and collects 5000 Eur pension a month are still collecting those money.
    All the ‘cuts’ are in the future (those VAT rise is immediate), doubt the market will buy it.

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  • I see the Italians pushing the ECB into a role of “lender of last resort”. It seems a bit ill timed – short term crisis forcing a long term strategy, with little thought of how any country leaves the Eurozone. But there you are – that’s the EU.

    Nigel Farage is keeping himself quiet – maybe the mafia have approached him!

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