الثلاثاء، 8 نوفمبر 2011

Italy: Umberto Bossi urges Silvio Berlusconi to quit


Northern League leader Umberto Bossi said he should be replaced by former Justice Minister Angelino Alfano.
Mr Berlusconi's majority has crumbled ahead of the vote, with several MPs defecting or saying they will rebel.
Until now he has insisted he has enough support to be able to continue to govern and has denied he will resign.
"We asked the prime minister to stand aside," Mr Bossi told reporters on the margins of parliament.
However, when asked about the expected outcome of a normally routine vote on approving state finances, Mr Bossi told reporters: "Nothing will happen today."
Borrowing costs spike
Last month, the same measure was defeated in parliament by a single vote. Mr Berlusconi is reported to be short of the 316 votes needed to prove that he still has a majority.
But analysts say Mr Berlusconi may still win as the centre-left may abstain, allowing the essential measure to pass.
Members of the opposition have said they will be present in the chamber, but will not vote, La Repubblica reports.
"Our message to the coalition is 'Be counted'," Pier Luigi Bersani, secretary of the centre-left Democratic Party said, according to the paper.Were Mr Berlusconi to lose, he could either resign immediately or be ordered by President Giorgio Napolitano to call a confidence vote.
The BBC's Alan Johnston, in Rome, says it is certainly worth remembering that Mr Berlusconi is a master deal-maker and political infighter, having survived more than 50 confidence motions in the past.
But this crisis is different as it goes beyond Italian politics: - it is instead linked to the international money markets, which have lost faith in Mr Berlusconi's ability to fix the Italian economy, our correspondent says.
The markets are now forcing Italy to pay interest rates that could eventually ruin it, which means the pressure on Mr Berlusconi is extraordinary, he adds.
While Italy's deficit is relatively low, investors are concerned that the combination of Italy's low growth rate and 1.9tn euro (£1.63tn; $2.6tn) debt could make it the next to fall in the eurozone debt crisis.
Doubt about Italy's governance and its ability to repay its debts have sent the markets seesawing over the past two days.
On Tuesday, the cost of government borrowing spiked at a new record of 6.74% because of the crisis, just short of the 7% threshold at which Portugal and Ireland were forced to accept bailouts.

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