Friday

27th May 2016

Rumours swirl around possible Berlusconi resignation

  • Berlusconi has denied rumours he will step down (Photo: The Council of the European Union)

Political commentators and markets went into overdrive Monday afternoon (7 November) amid rumours that Silvio Berlusconi is to step down as prime minister of Italy.

"That Silvio Berlusconi is about to step down is now clear to everybody, it's a matter of hours, some say minutes," Giuliano Ferrara, editor of newspaper Il Foglio, said in a video posted on the newspaper's website.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

“Berlusconi will resign between tonight and tomorrow,” tweeted Franco Bechis, deputy director of daily newspaper Libero.

Berlusconi himself denied the rumours. “The voices talking of my resignation are unfounded,” he wrote on his personal Facebook page.

"I spoke to the prime minister a short time ago and he told me the rumors of his resignation were baseless," Fabrizio Cicchitto, head of the parliamentary group of Berlusconi's People of Freedom party said in a statement.

Markets were quick to respond to the rumour with stock markets initially rallying and the yield on Italian bonds falling. But soon after the denial by Berlusconi, stock markets slumped again and government borrowing costs went up.

Even if the resignation rumours turn out to be unfounded, Berlusconi does not appear to be out of trouble yet.

The Italian lower house is set to vote the government’s 2010 budget on Tuesday (8 November). This would normally be a routine piece of legislation but is now seen by many as a vote of confidence in the embattled Italian prime minister.

If Berlusconi loses the vote, president Giorgio Napolitano may ask him to step down.

“Judging from the latest news, it seems that we no longer have the majority and it would be useless to resist,” said Roberto Maroni on Sunday, the country’s interior minister and a heavyweight within the government’s junior coalition partner, the far-right Northern League.

Earlier in the day, Gabriella Carlucci, an MP of Berlusconi’s Freedom of People party and former TV starlet, had announced that she had defected to the opposition. “The only solution for the crisis is a government of national unity,” she said.

Six other government MPs had already said they would vote against the government and asked Berlusconi to “act like a statesman and make way for a new phase in politics and a new government”.

At a rally on Saturday in Rome organised by the Democratic Party, the biggest opposition party, tens of thousands of protesters called for Berlusconi to step down and to allow a government of national unity to restore the country’s dignity. “It was the biggest protest in recent political history,” said Pier Luigi Bersani, the party’s leader.

Berlusconi, meanwhile, seems as confident as ever. “We have verified the numbers and we still have a majority,” he said on Sunday.

Both government parties have repeatedly said they would not support a new government of national unity. “It would be better to go to the ballots,” said Umberto Bossi, leader of the Northern League.

The European Commission, for its part, refused to comment on the situation. But commission spokespeople were at pains to stress that it was different to troubled Greece where the prime minister resigned Sunday amid ongoing recriminations over the latest austerity drive.

European officials are preparing to travel to Rome this week for a detailed assessment of Italy's planned reforms.

Ultra-right group wins seats in Cyprus

The National Popular Front (ELAM) on Sunday snatched two seats in Cyprus' 56-chamber parliament. The move marks a first for an ultra-right party. ELAM has close links to Greek neo-nazi Golden Dawn party.

Stakeholders' Highlights

  1. EPSUTrade Unions Back New Undeclared Work Platform
  2. European Healthy Lifestyle AllianceCould targeting children’s fitness boost academic performance?
  3. World VisionDeclares the World Humanitarian Summit a Positive Step in a Longer Journey to Ending Need
  4. EJCPresident Dr. Moshe Kantor on Brexit and the Jewish Question
  5. Swedish EnterprisesNew rules for posted workers - Better Protection or the End of Posting ?
  6. World VisionWhy The EU Needs to Put Children at the Centre of Emergencies - In Their Words
  7. ACCASustainability Reporting in Danger of Losing Its Momentum Says ACCA and CDSB
  8. Dialogue PlatformDiversity as Heritage of Humanity! Join the “Colors of the World“ Show at the EP
  9. Centre Maurits CoppietersNew Responses to the Basque Peace Process? MEP Juaristi on Stateless Challenges Conference
  10. European Healthy Lifestyle AllianceImproving Cardiovascular Health Begins by Closing the Gap in Sex Disparities
  11. IPHRBrussels Talks to Take Stock of Human Rights in Turkmenistan
  12. Belgrade Security ForumOpen Call for Applications! Join the Events Team at the 6th Belgrade Security Forum.

Latest News

  1. Perceptions over South China Sea dispute are simply wrong
  2. Tech companies eye opportunites in refugee crisis
  3. EU commission reshuffles car emissions expert
  4. Poland's economy feels the heat of rule of law talks
  5. Sweden tightens Nato ties
  6. How Portugal's leftist 'contraption' works
  7. Dire pre-trial prison conditions in some EU states
  8. Savchenko release to revive peace process, EU hopes