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Italian court upholds Berlusconi’s tax evasion conviction
An Italian court on Wednesday upheld a tax fraud conviction for former prime minister Silvio Berlusconi, confirming his sentence of one year in prison and a five-year ban from public office. “The court confirms the sentence against Silvio Berlusconi,” a judge at the Milan court said in a live audio…
Berlusconi sentenced to year in prison over leaks
An Italian court on Thursday sentenced former prime minister Silvio Berlusconi to a year in prison over the publication of leaked transcripts from a police wiretap in a newspaper that he owns. Berlusconi, who faces two more verdicts this month for tax fraud and having sex with an underage prostitute,…
Judges throw out Berlusconi bribery trial
An Italian court threw out bribery charges against former prime minister Silvio Berlusconi on Saturday saying the statute of limitations had come into force, bringing the five-year trial to an end. Prosecutors had requested a five-year prison term for Berlusconi, who was accused of having paid off his former British…
Berlusconi packs up sword, vase on last day in office
Italy’s departing Prime Minister Silvio Berlusconi has reportedly packed up two gifts ahead of his last day in office on Wednesday — a scimitar from Kazakhstan and a Ming dynasty vase from China. The report in La Repubblica newspaper said the larger-than-life billionaire, who has been in power for 10 of the past 17 years, had…
Blair warns of ‘catastrophe’ if euro collapses
LONDON — Former prime minister Tony Blair warned on Sunday that the collapse of the euro would be “catastrophic” and urged Europe to move fast to support the currency. Blair said European leaders faced “very difficult and painful” choices and a “long-term framework of credibility” was needed to see off…
Crowd jeers as Berlusconi quits power in eurozone crisis
Italian Prime Minister Silvio Berlusconi quit power on Saturday to loud cheering from a crowd of thousands in Rome after a wave of market panic that has shaken the eurozone brought his rule to an end. Berlusconi formally submitted his resignation to President Giorgio Napolitano, who announced he will now hold consultations on the…
Italian lawmakers set to approve key reforms
Italian lawmakers were set to give the nod Saturday to a reform package aimed at staving off bankruptcy, as Greece got to work on its own economic makeover after a week of eurozone debt trauma. Italy’s lower house of parliament was to meet from 1130 GMT to give final approval…
Italian lawmakers back reforms before Berlusconi exit
Italian lawmakers gave initial approval to a reform package aimed at staving off bankruptcy on Friday, easing market tensions on the eve of Prime Minister Silvio Berlusconi’s expected resignation. The measures — promised by Berlusconi at a European Unionsummit last month — include state asset sell-offs, incentives to hire workers and moves…
European stocks, euro tumble after Berlusconi resignation
European stocks closed sharply lower Wednesday as any early optimism that the resignation of Italian Prime Minister Silvio Berlusconi would calm the markets disappeared in a wave of near panic. Dealers said investors first thought Berlusconi’s decision would clear the decks but as it became clearer that Italy faces possibly months of political uncertainty,…
Merkel calls for ‘new Europe’ as Italy hits breaking point
ROME/BERLIN (Reuters) – Italian borrowing costs reached breaking point Wednesday after Prime Minister Silvio Berlusconi’s insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms. In a dramatic escalation of the euro zone debt crisis, Italian 10-year bond yields shot above the…
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