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.
Italian Justice Minister Anna Maria Cancellieri rebuffed calls to resign over the release from prison of a financier and family friend, telling parliament that the discharge was decided independently by judges.
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.
Italian Prime Minister Silvio Berlusconi ’s coalition partner, the Northern League, may ask regulators to freeze part of Libyan investors’ voting rights in UniCredit SpA , saying they breach the bank’s statute.
Umberto Bossi, head of the Northern League party in the governing coalition, said he’s concerned that UniCredit might fall into German control. Bossi, speaking to reporters in Rome, said: “It was feared that Germany would take over the bank but then we saw that they didn’t have the numbers.” Banking foundations which are investors in UniCredit must “organize the defense” of the bank from foreign control, he said.