BREAKING: Straw that Breaks the Euro's Back - Italy's Monti may Resign Today. Berlusconi Comeback?

Italian bond yields are surging, Monti appears to have lost majority in the Senate and rumors that he should resign any minute.

[link to twitter.com]

Didn't Berlusconi talk about Italy leaving the Eurozone

BERLUSCONI'S REVENGE: Italian Market Dives, Yields Spike, Amid New Political Chaos

Read more: [link to www.businessinsider.com]

The Italian government of Mario Monti survived a confidence vote on economic measures in the Senate on Thursday despite a walkout by Silvio Berlusconi's PDL party that indicated mounting political tensions ahead of an election next spring.

Monti's technocrat government won the vote by 127 to 17 votes with 23 abstentions after People of Freedom (PDL) senators abandoned the chamber because of earlier criticism of Berlusconi by Industry Minister Corrado Passera.

In an increasingly fevered pre-election atmosphere, Berlusconi dropped a strong hint late on Wednesday that he could go back on previous statements and run for a fifth term as prime minister in the election, expected in March.

[link to www.eleconomista.es]

Fear is a strong motivator. The people want their dictator.

Doorbet thats a very serious rumor, if you right THIS IS THE END, so give me a link...

he is right



from Italy

Monti lost governability, after latest multi-partisans reshuffles of votes and power in Italy - Very likely tonight resigns

So what will Merkel now say... ref Monti... If she says nothing then there the EU must be clearly fully rotten - Thank You for record taxes

[link to twitter.com]

Thread: BERLUSCONI'S REVENGE:UPDATE: Monti Government Has Run Its Course, Pier Luigi Bersani, head of Democratic Party Tells President!!!

Much thanks for the pin!

If true, this could send to EU over cliff before the US tumbles.

Will provide a Obama with a convienent source to blame.

Morning, Doorbert!!

morning jane, nice bikini!

Virgin Islands, last summer.

So ready to go back

Beautiful, not much time left for summer, its just 3-4 months away, have a great one next time just like before.

Bye bye euro, prepare for apocalypse suckers, are you ready ?

yes we are

Morning Lady Jane - hope you are doing better - much thanks for pin!

it si a fucking coup d'etat. no fine in Italy want dictator berlushit and his "PDL". if ha returns expect enormous protest. Shame on you berlushit traitor!

There's no real solution to the current situation:

A) most don't like Monti (no progress under him)
B) most don't want Mr B back (setback)
C) just leave alone bringing back the communists (an even further setback)
D) huh? bring in a comedian (Beppe Grillo) (road to "unknown")

Although rather than A, B or C, D would be quite a ride although the lack of "appearing serious" would prevent him from getting to far I guess.

We are in REAL need of fresh blood, people like Ron Paul but in their late 40s..... the actual class of politicians appears to belong 101% to the same club of either being there due

-to family ties
-to favours granted
-business ties with the "powerfull"
-to having "bought" their seat
-"rewards" to pleasures granted to somebody
-just keep their mouth shut
-avoid imprisonment

I thought Berlusconi was serving time? ^.- what happened there?

Why do you Italians let these politicians play house with your lives? Get rid of them permanently.

As an outsider, I don't see why this would be a coup, Monti was never elected anyway. He was placed there by tptb but easy come easy go I'd say.

[link to www.breakingnews.com]

and so he will be gone soon.... bye bye Mario "Three Cards" Monti.....

Honestly, I have no clue how bad it will be getting AFTERWARDS, but at least one bad period will be over soon.

Quite the opposite. Berlusconi, like it or not, was elected. He was removed from outside and replaced by an unelected government.

There doesn´t seem to be a peaceful way to do so.

Besides, the gate has remained open. So, people who would have the most reason to take matters into their hands have had a much better alternative: emigration. There has been a huge outflow of people and capital from Italy.

Italians are generally much more inclined to adapt than to revolt. But if they push the envelope a bit more, who knows...

Too soon to celebrate. It´s highly unlikely they don´t have a plan.

Esce dalla porta, rientra dalla finestra.