Journalists close to Berlusconi say he will resign Monday

[pampango]

Source: Reuters

Two journalists close to Italian Prime Minister Silvio Berlusconi said he could resign as early as Monday, immediately boosting bond and stock markets.

Giuliano Ferrara, editor of the Foglio newspaper and a former minister seen as extremely close to Berlusconi, said on its website: "That Silvio Berlusconi is about to resign is clear. It is a question of hours, some say of minutes."

Franco Bechis, vice-director of the pro-Berlusconi Libero newspaper, said on Twitter Berlusconi would resign on Monday night or Tuesday morning.

Read more: http://www.reuters.com/article/2011/11/07/us-berlusconi-idUSTRE7A61GR20111107

---

If true, that would be one less conservative politician to deal with.

[dipsydoodle]

1. Italy government borrowing rates hit euro-era high

The Italian government's borrowing cost has risen in early trade as fears grow over political uncertainty in Rome.

The yield on Italian 10-year bonds rose from 6.37% to a euro-era high of 6.64%.

It is feared that Italy, the eurozone's third biggest economy, could become the next victim of the debt crisis. PM Silvio Berlusconi faces a crunch vote on public finance on Tuesday.

http://www.bbc.co.uk/news/business-15617132

[Tx4obama]

2. Doesn't mean much ...

He has been booted out before and still came back into power.
I can't believe how/why the people of Italy keep voting that a%@#hole back into power each time.

[Diclotican]

3. Tx4obama

Tx4obama

Wel, US woted for GWB tvice..... And the whole world was dumfalled by that....

Diclotican

[reggie the dog]

7. he owns tv stations and newspapers

[lunatica]

9. Two words: Stolen elections

It's not who votes that decides the winner. It's who counts the votes.

[MilesColtrane]

4. Another one of Bush's fascist buddies takes the walk of shame from public life...

onto the scrap heap of history.

[DCBob]

5. Wow, things are really heating up over there.

Seems like they have finally come to realize things needs to happen and happen fast. Hope they get their shit together. The alternative is ugly.

[lunatica]

6. This smells an aweful lot like the rat abandoning the sinking ship

[dipsydoodle]

8. He's now openly denying it on his FB page

and see here too :

European debt crisis: Berlusconi denies resignation plans as Greek coalition talks continue - live
http://www.guardian.co.uk/business/blog/2011/nov/07/greece-coalition-government-george-papandreou-crisis

[TomClash]

10. When I got up the Italian long bond was at 6.65

The same German bond yields 1.77. That is an enormous spread.

[Tempest]

11. He's denying it

The premier denied reports that he was considering stepping down, saying they were "without foundation."