Berlusconi Party Warns About Possible Collapse of Coalition

Members of Silvio Berlusconi’s center-right party on Sunday openly warned they would bring down the government if their center-left coalition allies voted next month to expel the former prime minister from parliament.

Relations between Berlusconi’s People of Freedom (PDL) party and Prime Minister Enrico Letta’s Democratic Party (PD) are close to breaking point ahead of the vote in the Senate on whether to expel the 76-year-old over his tax fraud conviction.

“Early elections will be inevitable if the PD votes to remove Berlusconi and in the case that President (Giorgio) Napolitano decides that no other viable majorities exist,” PDL Senator Sandro Bondi told Corriere della Sera after a party summit on Saturday.

Bondi, a close ally of Berlusconi, said the PDL had agreed at the meeting to withdraw their ministers from the government if the billionaire loses his place as a senator, and that they were ready to return to elections with the media mogul as their prime ministerial candidate.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza