Former Italian Prime Minister Silvio Berlusconi was expelled from parliament for violating an anti- corruption law, ending a 19-year tenure that spanned four recessions that did little to dent his personal popularity.
Italian Prime Minister Enrico Letta won a late-night confidence vote, securing a new majority less than 24 hours before the Senate is scheduled to decide whether to expel his ally-turned-rival, Silvio Berlusconi.
Italian Prime Minister Enrico Letta’s 2014 budget faces a confidence vote in the Senate today, the first test for the government’s new majority and possibly the last stand in parliament for Silvio Berlusconi.
Former Prime Minister Mario Monti, the economics professor who imposed austerity on Italy in 2011, quit the leadership of his political party after criticizing the policies of his successor, Prime Minister Enrico Letta.
The weekend announcement by Italian Prime Minister Mario Monti that he will resign triggered a rush to sell off Italian debt and stocks, as investors blanched at the uncertainty that will follow the departure of “Super Mario.”