Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???

Camera: 11.692.041

Senato: 10.692.905

Good Job.

Pardon my ignorance but why would a berulsconi win be bad for the bankers and the eu? Does he want to pull Italy out of the union? Or will berulsconi not play ball?

I think he would be a bad choice because of his past history..lthis guy need to be president to avoid investigation and possible criminal penalties against himself...


I think Berlusconi is easily corruptible and would sign any piece of paper the eu bankers offer him assuming it means that he gets to live out the rest of his days without fear of prosecution....

Just a thought but doesn't look good either way and is just another vote for business as usual...

I dont believe eurocrats nor illuminati will have a real power over our anarchist judiciary power

just my thought

That must be being discussed. I don't see how it would work after Monti. Not unless they bring Italy totally down.

Let's not forget, in GLP style, that Merkel could be Hitler's daughter.

[link to www.helpfreetheearth.com]

I think it's true.

Same as Barbara Bush and Alistair Crowley.

Bunga-Orgy Party at the Stock Markets. The Spanish 10YR Bonds' Spread literally exploded

[link to www.bloomberg.com]

3:29a
Berlusconi won't ally with Monti's party: report [link to www.marketwatch.com]

Gregor Peter‏@L0gg0l

What comes first: New pope or Italian PM?

Gregor Peter‏@L0gg0l

The power of the people is the elephant in the room - it can't be undone by money printing -- spot-on analyist comment

Gregor Peter‏@L0gg0l

Big Italian bill auction today ... € 8.75 bln in short-term debt

Martin Bull‏@ProfMartinJBull

#italianelections main features 10. Centre right holds the north and, where it has lost votes (esp through Lega) they have gone to Grillo

Business Insider‏@businessinsider

Why Europe Finally Got Its First 'Rebellion' Of The Crisis Era [link to read.bi]

Mark Towers‏@MarkDTowers

There's a comedian running in the Italian elections whose doing very well. Last night's #BlackMirror is already becoming a reality.

German Economy Minister Philipp Roesler said on Tuesday he could have imagined a better outcome for pro-reform parties in Italian elections and added that there is no alternative to the structural reforms that are already underway and which include consolidating the budget and boosting competitiveness
[link to news.yahoo.com]

zerohedge‏@zerohedge

BERSANI TO HOLD PRESS CONFERENCE 5 PM CET IN ROME

ECB bond-buying program may not be there to save Italy! Italy’s inconclusive election results have thrown financial markets into a tizzy.

But investors may be overlooking one particularly troubling aspect of the country’s political gridlock: It potentially renders the European Central Bank’s bond-buying program powerless to combat a spike in Italian government borrowing costs.

ECB President Mario Draghi has repeatedly stressed that “conditionality” is a crucial prerequisite to firing up the yet-to-be tapped program of Outright Monetary Transactions, or OMTs. In other words, a government must first come hat in hand to the euro-zone rescue fund and swear to abide by strict conditions — likely in the form of tough budget goals. Then, and only then, will the ECB swing into action.

So far, the mere threat of the OMT has been enough to put would-be bond market vigilantes on the run, as evidenced by the sharp drop in yields for Spain and Italy ever since Draghi pledged last summer to do “whatever it takes” within the ECB’s mandate to save the euro.

But Italy’s splintered election result could leave the country with a caretaker government to hold things together until new elections are called in a few months time. Or a broad but weak coalition may attempt to give it a go.

That leaves open the risk that the new government is unable to convince the ECB and other authorities that it will abide by strict conditions, particularly after voters effectively rejected outgoing Prime Minister Mario Monti’s austerity prescription, noted Albert Gallo, credit strategist at Royal Bank of Scotland.

“With no stable government and a strong showing by the anti-austerity Five-Star Movement at elections, Italy’s reform agenda is in serious doubt. In our view, such political turmoil means the ECB is unlikely to activate the OMT to protect short-end sovereign yields. As a result, investors should now think on whether the OMT is really there when it really matters, for other periphery countries as well as Italy,” he wrote.
[link to blogs.marketwatch.com]

Philipp Missfelder, responsible for foreign policy of the CDU (the party of Angela Merkel), and adds worried: "You Italians are not Greece, your are a member of the G8 and a key member of the monetary union, the euro can not afford a scenario like greek to you with new elections soon, it would be a window of instability too. " Speaks in tones of rare concern, and certainly does not put it this way with an Italian newspaper without first consulting with the Chancellor.
[link to translate.google.gr]

Grillo said he opposes PD+PDL Govern and plan to crumble it.....

zerohedge‏@zerohedge

GS from this weekend: "Base-case Italian scenario is PD-SEL coalition wins absolute majority" Goldman dead wrong about everything in 2013

GREAT !

Grillo: " They plan to make a PD + PDL govern, we are the obstacle. They can't make it against us, they have to accept this peacefully. They could kick the can down the road another 7, 8 months and end in a disaster, but we'll try to control it".

zerohedge‏@zerohedge

Hermie Van Romp says Italy needs stable government so reforms can continue. Prefereably an unelected one?

zerohedge‏@zerohedge

Luxembourg Foreign Minister Asselborn Doubts Italy Will Find Way Out of Crisis