Berlusconi about to fall? (hopefully)

Dirk Gently

Looking likely that he'll resign this morning although I'll believe it when I see it. He has a horrible knack of surviving. Italian borrowing costs edging towards the magic 7% mark but receding back to around 6.6% with rumours of him stepping down.

Blowfish

Actually, the reason it's dropped a bit seems to be because the ECB are buying BTP's. It'll likely go back up again soon enough.

carveone

Le voci di mie dimissioni sono destituite di fondamento.

Sykk

He has just publicly denied rumours that he'll be resigning..

Teclo

Waiting for the statement: 'I want to spend more time with the showgirls, er, I mean my family'.

Mr.Micro

Sykk wrote: »

He has just publicly denied rumours that he'll be resigning..

Not to worry the Italians will have some other wa**er waiting in the wings if the dyed haired buffoon resigns. It has a knack of electing disgraced/dodgy politicians as Prime Ministers. Whose turn is it next?

OS119

Mr.Micro wrote: »

...Whose turn is it next?

Berto Aherni?

Dirk Gently

Mr.Micro wrote: »

Not to worry the Italians will have some other wa**er waiting in the wings if the dyed haired buffoon resigns. It has a knack of electing disgraced/dodgy politicians as Prime Ministers. Whose turn is it next?

I don't think we have any moral high ground in that department tbh.

Killer Pigeon

"Silvio fiddles while Rome burns."

"What-a mistake-a to make-a."

RDM_83 again

TBH Italy always improves my view of Irish politics, the corruption is just insane in comparison to Haughy's expensive shirts and plane rides.

On the issue Berlusconi he's a fairly repugnant individual and I'l be happy when he's gone but you got to think of the corruption of some of the previous leaders such as Guilio Andreotti perhaps the Italians just value stability and compare his acts to premiers like Andreotti and think that maybe he's not too bad.

OS119

RDM_83 again wrote: »

...maybe he's not too bad.

they must be all related to him - given the way he puts it about, that may not be to far off the mark...

he makes Lloyd George look like a priest. not a Catholic priest obviously, but one who keeps it in his trousers.

irishh_bob

RDM_83 again wrote: »

TBH Italy always improves my view of Irish politics, the corruption is just insane in comparison to Haughy's expensive shirts and plane rides.

On the issue Berlusconi he's a fairly repugnant individual and I'l be happy when he's gone but you got to think of the corruption of some of the previous leaders such as Guilio Andreotti perhaps the Italians just value stability and compare his acts to premiers like Andreotti and think that maybe he's not too bad.

despite the blatant corruption , thier is something irresistable about the italian way , none of the stuffiness which permeates most of europe

OS119

irishh_bob wrote: »

despite the blatant corruption , thier is something irresistable about the italian way , none of the stuffiness which permeates most of europe

one the other hand, only one country's economy grew less than Italy's in the last 10 years.

that country Laydees and Gents, was...




Zimbabwe!

call me 'Mr Conservative' if you will, but i'll take that northern European stuffiness if it keeps food in the shops.

nuac

Yes Irish Bob, none of this PC stuff with our Silvio. The Italians seem to like it.

irishh_bob

OS119 wrote: »

one the other hand, only one country's economy grew less than Italy's in the last 10 years.

that country Laydees and Gents, was...




Zimbabwe!

call me 'Mr Conservative' if you will, but i'll take that northern European stuffiness if it keeps food in the shops.

only one country in the entire world , sure thier are countrys the world over which never grow in real terms , how could the likes of sudan have performed better economically than italy this past decade

AlekSmart

irishh_bob wrote: »

only one country in the entire world , sure thier are countrys the world over which never grow in real terms , how could the likes of sudan have performed better economically than italy this past decade

Mind you,Libya was doing alright up until Feburary !!!!! :rolleyes:

RDM_83 again

OS119 wrote: »

they must be all related to him - given the way he puts it about, that may not be to far off the mark...

he makes Lloyd George look like a priest. not a Catholic priest obviously, but one who keeps it in his trousers.

Mean in relation to the others.

Think the an important question will be when he does go, will anybody tackle his enormous power within italy via control of the media.

OS119

RDM_83 again wrote: »

Mean in relation to the others....

yeah, you do have to wonder quite how bad the others are for old Silvio to be considered the best of a bad bunch...

OS119

21.00 Tues. according to Sky SB is saying he'll resign after the budget passes.

of course, he made marriage vows as well...

pragmatic1

I'm loving this. What country next.

SeanW

I can just picture a good newspaper headline - Berlus-GONE-i

hangon

pragmatic1 wrote: »

I'm loving this. What country next.

yes i suppose we should call it the European Winter!
good riddance to him anyway.

dsmythy

pragmatic1 wrote: »

I'm loving this. What country next.

España.

carveone

OS119 wrote: »

yeah, you do have to wonder quite how bad the others are for old Silvio to be considered the best of a bad bunch...

Belusconi may have been a lot of things but above it all, he was a businessman who engendered investor confidence.

Italy may have cast him away a bit too hastily...

thebman

Italian bond rate over 7% today despite the announcement indicating that the markets couldn't care who is in charge and that this was probably a political agenda to get rid of Berlusconi rather than a logical move to calm the markets.

The reality is there is lots of money to be made in pushing up bond rates and western economies in general are in decline with countries like China and other developing countries actually experiencing growth now.

Looks like the developed economies are uncompetitive for making things and only know how to consume these days. Those that make the goods and sell them on tend to have the money it seems.

Thrill

Berlusconi will resign 'within days'


Italian PM Silvio Berlusconi will step down "within a few days", the country's president has said.


Giorgio Napolitano said he wished to "dispel any doubt or misunderstanding" on when the prime minister would fulfil his promise to resign.


He also said there would be no delay in passing economic reforms demanded by Italy's eurozone partners.


His comments came after the country's financial crisis deepened, with government bond yields rising to 7%.

http://www.bbc.co.uk/news/world-europe-15668873


As inevitable as it now seems, I wont believe it until he's officially gone.

AllGunsBlazing

thebman wrote: »

Italian bond rate over 7% today despite the announcement indicating that the markets couldn't care who is in charge and that this was probably a political agenda to get rid of Berlusconi rather than a logical move to calm the markets.

The reality is there is lots of money to be made in pushing up bond rates and western economies in general are in decline with countries like China and other developing countries actually experiencing growth now.

Looks like the developed economies are uncompetitive for making things and only know how to consume these days. Those that make the goods and sell them on tend to have the money it seems.

Export driven economies like China are heavily dependent on the health and wealth of western European markets. It's no good manufacturing things if no one is able to buy them off you.

If Europe goes down then China is well and truly snookered.

Force136

Sad to see him go. The left have been hounding him for years. Poor bloke spent half his time in court.

I remember when the left finally got their way and Silvio was kicked out and some socialist clown called Prodi came in. Lasted about 6 months before the country cried out for Silvio again.

He's probably my favourite leader.

Wish you well Silvio. There's plenty more Bunga-Bunga left in you yet.

hangon

For anybody who enjoys viewing the end of a dictator Leader,Berlusconi is now finally stepping down live on the News channels.

or just watch the x-factor!

Thrill

Berlusconi resigns.

hangon

Thrill wrote: »

Berlusconi resigns.

A day that will live in infamy!

woodoo

It is good he is gone he was complete unsuitable as a National leader. Obviously the Italian voters thought otherwise.

Bunga Bunga parties and 17yr olds. Imagine if Enda was at the same

AllGunsBlazing

hangon wrote: »

A day that will live in infamy!

hangon

woodoo wrote: »

It is good he is gone he was complete unsuitable as a National leader. Obviously the Italian voters thought otherwise.

1.9 Trillion would proably buy my vote as well!:D

Bunga Bunga parties and 17yr olds. Imagine if Enda was at the same

Have you seen his missus?
i bet she had a GPS chip placed in his head years ago!:pac:

Crazy Horse 6

SeanW

irishh_bob wrote: »

only one country in the entire world , sure thier are countrys the world over which never grow in real terms , how could the likes of sudan have performed better economically than italy this past decade

Oil?

Teclo

mccandless

it always looks good when thugs like burlusconi step down, but if you look closer, the guy that is replacing him is even worse than he was. that seems like what has been going on these days with regime changes, from sadam to burlusconi, to straus khan and back