Tuesday, November 08, 2011

Berlusconi and Itlay

Guardian Live: Reports the following on the Berlusconi win in the Italian Parliament but losing his overall majority, “ ..It is also being described as the 'worst possible' result by analysts -- as the stricken PM can cling onto power ”. As stated this blog is not convinced that PM Berlusconi will see the loss of a overall majority as a major defeat, yes it causes political problems, but it’s not a vote of confidence, and France and Germany can not demand the head of the Italian PM, last time this blog looked the European Union was a formation of Democratic Countries. Time will tell with Italy folks, the Italian bond rate is heading for the 7% psychological jump, then the PM would have to go, as the Markets would have lost confidence in Italy.

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