Berlusconi teams up with former coalition partners

Silvio Berlusconi announce earlier today that he has teamed up with the Northern League gearing up towards the elections.

Former Premier Silvio Berlusconi says he has reached a deal with the Northern League, his onetime coalition partners, to jointly run in elections next month.

Berlusconi announced the late-night deal signed at his villa near Milan on Italian radio on Monday. But the billionaire media mogul said it was still unclear whom the center-right coalition would back to run as premier.

Berlusconi has for weeks been toying with a run for a fourth term. He has already come out strongly against Premier Mario Monti’s unpopular decision to impose a property tax on first homes.

While the Northern League has ruled in coalition with Berlusconi three times, the relationship has been rocky at best — with the League being behind the downfall of previous Berlusconi governments.

via Salon

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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