Berlusconi Calls for Elections in Italy

An embattled but bellicose Silvio Berlusconi called on Sunday for fresh Italian elections to be held as soon as possible, even as signs of rebellion in his own party grew and the country’s president indicated that the country would only return to the polls as a last resort.

In a drastic and much-criticised move that reignited fears for the health of the eurozone’s third-largest economy, the former prime minister and centre-right leader announced on Saturday he was pulling his ministers out of Enrico Letta’s ever-fraught grand coalition government.

On Sunday in a telephone address to supporters of his Freedom People (PdL) party on his 77th birthday, Berlusconi declared he was “ready to take up the battle again”. He said: “The only way is to proceed with conviction to elections as soon as possible. All the opinion polls tell us that we will win.”

via The Guardian

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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