Italian billionaire Diego Della Valle, head of shoemaker Tod’s SpA, welcomed the wave of public disgust that swept established politicians from parliament last month and said it’s time to dislodge some top bankers as well.
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 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.
Former Italian Prime Minister Silvio Berlusconi renewed his campaign partnership with the Northern League party, strengthening his chances in the Senate and pressuring his chief rivals to forge an alliance of their own.
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.
Prime Minister Mario Monti can’t run in elections due in 2013 as he already holds a permanent seat in Parliament following his appointment as senator-for-life last year, Italian President Giorgio Napolitano said.
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.
Ukraine this week held a deeply flawed election, in which the main opposition leader was jailed and the biggest gains went to a party of neo-fascists, who appear to have won 10 percent of the vote. For a country that eight years ago staged an inspiring uprising to overturn a stolen election, it’s hard to imagine a more depressing outcome.