Berlusconi Out Leaving Troubled Coalition Behind

November 28, 2013 Share Print 0

Italian politician and three-time former Prime Minister Silvio Berlusconi might have been was expelled from parliament on Wednesday but analysts told CNBC that his absence won’t make life easier for the Italian government.

The Senate voted 194 votes to 112 to expel Berlusconi amid dramatic scenes in the upper house Wednesday: Berlusconi’s loyal core of female senators were dressed in mourning black while a fight broke out between two male senators.

Speaking to supporters of his Forza Italia party gathered outside his residence in Rome, Berlusconi said in typically dramatic fashion following the vote: “We are here on a bitter day, a day of mourning for democracy… “They [his Democratic Party opponents] are celebrating now as they send me, their enemy in front of an execution squad. . . This is a conviction that cries out for revenge before God and man.”

via Berlusconi’s gone – but Italy’s big problems remain

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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.