Berlusconi Vows to Remain in Politics

Silvio Berlusconi vowed on Wednesday to remain at the center of Italian politics even if expelled from parliament because of a tax fraud conviction.

In an emotional television address, the billionaire media magnate launched a bitter attack on magistrates he said were perverting democracy and called for sweeping judicial reform. He also announced the relaunch of his original political party Forza Italia (Go Italy).

“I will always be with you, at your side, expelled from parliament or not. It is not the parliamentary seat that makes a leader,” Berlusconi said in the pre-recorded speech. He made no mention of earlier threats to bring down Italy’s fragile coalition government because of the conviction.

via CNBC

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