Italy: “Unless of course all polls and projections so far turn out to be wrong …”

They’re still counting the votes in Italy…  But the early projections are contradicting exit polls predicting, as the Guardian reported, “strong support for alliance led by Pier Luigi Bersani’s Democratic party and bloody nose for Mario Monti”.  Not contradicting the bloody nose for the Borg Mario Monti, that is.  But Silvio Berlusoni’s centre-right alliance seems to be edging ahead in the Senate, at least… The Guardian is live-blogging the actual results as they come in.  Here’s their latest post to date Before …

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Italy: “History risks repeating itself…”

The BBC’s Europe editor, Gavin Hewitt has been looking to Italy ahead of a general election brought 2 months early after Silvio Berlusconi’s party withdrew support for Mario Monti’s technocratic government – voting begins on Sunday.  The FT notes that Strong, stable government will be needed to continue the reform process put in place by Mr Monti’s technocrats, and to argue in Brussels for more growth-oriented policies and a possible relaxation of fiscal deficit targets. However, the worst-case scenario emerging from …

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Berlusconi to resign [once key economic reforms have been approved]

As I mentioned here, Italy have called in the International Monetary Fund (IMF), but no money has changed hands, according to Berlusconi…  Tonight, following a technical vote which saw Silvio Berlusconi lose his parliamentary majority, and with rising yields on Italy’s 10-year benchmark bonds, the Italian Prime Minster has “confirmed he intends to resign after key economic reforms have been approved.” Speaking on TV, the [Italian] prime minister said he would have preferred to call early elections but the final decision rested …

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