Prime Minister Silvio Berlusconi ’s grip on power loosened as Gianfranco Fini , speaker of Italy’s lower house of parliament, abandoned the premier’s ruling party to create a new group with enough votes to sink the government.
Italian Prime Minister Silvio Berlusconi and Gianfranco Fini, the leader of a group that left the premier’s party last month, said they were open to talks aimed at keeping the government afloat if the two sides agree to tone down their criticism of each other.
Members of the new Future and Liberty political party founded by Gianfranco Fini, Prime Minister Silvio Berlusconi’s ally, offered their resignations subject to Fini’s decision, Deputy Industry Minister Adolfo Urso said in Perugia today.
Earlier this month, Prime Minister Silvio Berlusconi told reporters what he thought of the risk to Italy’s solvency as the European debt crisis sent bond yields toward euro-area records, and who he thought should fix it.
Italian Prime Minister Mario Monti, campaigning to retain influence after elections next month, is facing a challenge from an ex-anti-mafia prosecutor who wants to break the premier’s hold on the recession-scarred country.
Prime Minister Silvio Berlusconi ’s rift with his party’s co-founder Gianfranco Fini is hurting his popularity as the government prepares budget cuts to prevent the Greek crisis from spreading to Italy.
Mario Monti, a former European Union competition chief, once told companies like Microsoft Corp. what to do. As Italy’s next premier, he would face a tougher task getting Italians to overhaul the region’s third-biggest economy.
Italy’s Senate will vote on debt- reduction measures today in an attempt to shore up investor confidence and pave the way for a new government that may be led by former European Union Competition Commissioner Mario Monti.