Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Italian PM Faces Vote Of Confidence

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

An uneasy coalition emerged after Italy’s general election in February which saw Beppe Grillo’s 5 Star Party poll 25.5% (108 seats) in the House of Deputies, making it the largest party in parliament, and 23.8% (54 seats) in the Senate. The 5 Star Party declined to enter into government in any coalition and fell short of the seats needed for it to form a government on its own.

Ultimately, at the insistence of Italy’s President, a grand coalition emerged involving members of the outgoing technocrat government under Mario Monti (Civic Choice), Silvio Berlusconi’s People of Freedom Party (right of centre) and under the leadership of Enrico Letta (Democratic Party; Centre left). The government now faces a vote of confidence which, if lost, could plunge Italy into a deep crisis.

At the heart of the affair is leader of the People of Freedom Party, former Prime Minister and billionaire businessman, Silvio Berlusconi. Berlusconi has been embroiled in a number of criminal trials stretching back more than 20 years and involving accusations ranging from paying for sex with an underage prostitute, to bribery of a judge, false accounting and embezzlement. Berlusconi has always maintained his innocence and suggested that the trials are a left-wing vendetta against him. He was finally convicted over tax fraud and sentenced to four years in prison which, because of his age, was commuted to one year and is likely to be served either under house arrest or as community service. As a consequence of the conviction, the Senate is due to vote on whether to exclude him since the conviction bars him from holding public office.

Last week, Berlusconi orchestrated a row over a sales tax and withdrew his party’s support for the coalition. However, there is some doubt as to whether he can command the loyalty of his party and a split has opened giving Letta the prospect of surviving the confidence motion. Commentators are united in their view that the last thing Italy needs at the moment is a fresh general election.

Dr. Mike Campbell
About Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.
 

Most Visited Forex Broker Reviews