Italian Prime Minister Enrico Letta won a confidence vote on the 2014 budget, reinforcing his coalition government a day before the Senate is expected to ban center-right leader Silvio Berlusconi from parliament over a tax fraud conviction.
Berlusconi’s Forza Italia party voted against the so-called Stability Law, which it described as “completely mistaken, with neither head nor tail”, formalizing its break with Letta after seven months in his left-right coalition.
The measure passed in the Senate shortly after midnight with a majority of 171 to 135, helped by the votes of rebel senators who broke away from Berlusconi earlier this month.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
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.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019