Berlusconi Lost a Battle Not the War

“While it appears Mr Berlusconi may have overplayed his hand this time, he’s still shaping events and it’s a tad premature to talk about a post-Berlusconi era,” Nicholas Spiro, head of Spiro Sovereign Strategy warned.

“More importantly, just as a weakened ‘Il Cavaliere’ (‘The Knight,’ Berlusconi’s nickname) doesn’t solve Italy’s underlying economic and financial problems, a continuation of the Letta government doesn’t provide any kind of breakthrough,” he added.

via CNBC

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