Italian Confidence Vote - Eurozone Crisis

Guardian Live: Reports that PM Berlusconi will hold a dual confidence and austerity vote on Tuesday in the Italian Parliament. As with Greece folks the Coalition Government MPs will not want to be turkeys for Christmas, thus it can argued that the Government will get through the confidence vote, as to the future of PM Berlusconi you don’t become a billionaire with out knowing how to bluff and when to quite, lets see if the PM is still a winner.

Berlusconi NOT OUT - Eurozone Crisis

Telegraph Live: Reports that Italian PM Berlusconi has denied that he has resigned. Getting rid of Berlusconi will not be as easy as getting rid of the Greek PM, SB it can be argued needs the job to avoid a few Court Cases, thus he will fight for his political life, plus lets be honest SB has a ego, a big ego, he will not want to be seen as being thrown out of office by the EU/IMF/ECB, thus the Italian crisis will rumble on for hours, days, weeks, months, or SB could be out by tomorrow. Its changing game folks, lets see if Rome falls, that is a pun folks.

Italy on the BRINK? - Eurozone Crisis

BBC News: Reports that Italian 10 years bonds have hit a high of 6.64% before going down to 6.54%. The Italian Government can not afford for its short or long term bonds to be over 6% for a long period, the costs would be to much for the Government, the Italian Parliament has to passed the latest tough austerity packages, the Unions and the Professions have to be taken on, the people of Italy need new leadership that they trust to take them through a very dark and tough time, that is not PM Berlusconi, his coalition government is fractured and on a political and personal level the PM has legal problems, its beyond the scope of this blog to go in the legal aspects, but they are quite scandalous. Thus time for a new Captain at the helm of Italy, otherwise Italy could take down the Euro and EU.