Berlusconi losing grip on his party / Italian death spiral might draw in IMF / Doubts raised over strength of Rome’s reforms

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Series Details 11.11.11
Publication Date 11/11/2011
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Article reported that Italian Prime Minister Silvio Berlusconi continued to lose his grip on his own People of Liberty party on the 10 November 2011 in what were likely to be his last days in office dominated by an internal dispute over whether to push Italy into early elections or back an emergency caretaker government led by Mario Monti, former European Commissioner.

There was some opposition within the Italian parliament to a government under Mr Monti but outside parliament there was broad institutional support for Mr Monti – from the powerful Catholic church, the Confindustria business association, and leading newspapers.

As turmoil continued in Italian sovereign debt markets, the possibility rose again that the International Monetary Fund will be called in by any new Italian government.

Related Links
Eleftherotypia, 11.11.11: Greece and Italy, two parallel destinies (via PressEurop) http://www.presseurop.eu/en/content/article/1161301-greece-and-italy-two-parallel-destinies
EurActiv, 10.11.11: Brussels to issue grim growth forecast for Italy http://www.euractiv.com/euro-finance/brussels-issue-grim-italy-growth-forecast-news-508877
Spiegel Online International 11.11.11: What Comes Next for Troubled Italy? http://www.spiegel.de/international/europe/0,1518,797134,00.html
ESO: Background information: Berlusconi signals intention to resign / Berlusconi pledge fails to calm market http://www.europeansources.info/record/berlusconi-signals-intention-to-resign-berlusconi-pledge-fails-to-calm-market/
IMF: Country Reports: Italy and the IMF http://www.imf.org/external/country/ITA/index.htm
ESO: Background information: Italy market fears spread to US / What happens next? The scenarios for Italy / Rome’s only road to recovery http://www.europeansources.info/record/italy-market-fears-spread-to-us-what-happens-next-the-scenarios-for-italy-romes-only-road-to-recovery/
BBC News, 11.11.11: Italy crisis: Senate to vote on austerity measures http://www.bbc.co.uk/news/world-europe-15688755
Deutsche Welle, 10.11.11: Financial markets demand rapid reforms in Italy http://www.dw-world.de/dw/article/0,,15524147,00.html
Corriere della Sera, 9.11.11: Berlusconi Tells President – “I’m Going. I No Longer Have a Majority” http://www.corriere.it/english/11_novembre_09/berlusconi-tells-president_dd5a61f8-0ae9-11e1-8371-eb51678ca784.shtml
La Stampa, 10.11.11: Only the full Monti will do (via PressEurop) http://www.presseurop.eu/en/content/article/1155221-only-full-monti-will-do

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