Italy

No confidence vote on the cards


Published

Prime Minister Silvio Berlusconi faces another no confidence vote within the next few days as support ebbs away for him as the Italian premier.

In the last week six members of the ruling coalition parties have defected to the opposition. Last night they were joined by a further two deputies who have crossed over to the Union of Christian and Centre Democrats (UDC), a centrist party with 35 seats in the 630 seat Chamber of Deputies.

Meanwhile the G20 summit leaders were considering last night to ask the International Monetary Fund (IMF) to monitor Italy’s deficit cutting strategy. France’s President Nicolas Sarkozy is reported as saying that “The question is not what’s in the package but implementing it.”

Currently Silvio Berlusconi has an approval rating of 22%, down from 25% last week.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com