It appears that Berlusconi will resign after 2012 Budget is approved. BREAKING
by Tyler Durden Just out from Bloomberg:
BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAWS
ITALY’S PRESIDENT NAPOLITANO COMMENTS IN E-MAIL STATEMENT
ITALY’S BERLUSCONI TO RESIGN AFTER APPROVAL OF AUSTERITY LAW
ITALY’S PRESIDENT TO START CONSULTATIONS AFTER RESIGNATION
Berlusconi may step down within “hours,” according to an article written by former minister Giuliano Ferrara in the online edition of Il Foglio, news agency Ansa reported. “Some people say it could be minutes,” Ferrara wrote on the website, according to Ansa.
Like Greece, it’s a case of Italy getting the squeaky wheel. An iron vault has descended upon Europe, as the politicians come and go at the whims and worries of people and parties, the bankers remain.
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