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Italian PM Berlusconi denies resignation reports
ROME (Reuters) – Italian Prime Minister Silvio Berlusconi on Monday denied reports he was about to resign. “Rumors of my resignation are baseless,” he said on his Facebook page. Two journalists close to the prime minister reported earlier on Monday that he would resign within hours. (Reporting By Paolo Biondi,…
G20 calls on Italy to reform to avoid Greek-style collapse
The leaders of world biggest economic powers turned their attention on Italy on Friday, pressing for measures to prevent Rome from following Greece into the abyss of debt. As the leaders put the finishing touches to a G20 summit statement designed to kickstart global growth and rebalance trade, senior European…
Berlusconi’s ‘Bunga Bunga’ parties inspire line of accessories
While his fellow businessmen moan about Prime Minister Silvio Berlusconi’s constant sex scandals and the fallout for Italy’s image abroad, Carlo Pagani has decided to cash in. Inspired by the Italian leader’s “bunga bunga” parties — reportedly a form of lap dancing enjoyed by Berlusconi, Pagani’s small plastics factory has…
Activists launch worldwide protests
Protesters launched worldwide street demonstrations Saturday against corporate greed and biting cutbacks in a rolling action targetting 951 cities in 82 countries. Inspired by America’s “Occupy Wall Street” and Spain’s “Indignants”, people took to the streets in Sydney, Hong Kong and Tokyo in the opening hours of the unprecedented global…
Students storm Goldman Sachs building in Milan
MILAN (Reuters) – A group of students stormed Goldman Sachs’s central Milan offices on Friday ahead of worldwide protests against financial inequality planned for the weekend. The Italian demonstrations are the latest bout of anger at banks and financiers as outcry spreads throughout the world following the occupation of Wall Street inNew…
Berlusconi wins confidence vote, but still weak
ROME (Reuters) - Italian Prime Minister Silvio Berlusconi won a vote of confidence on Friday, giving his struggling center-right government a new, but probably short, lease of life. Berlusconi, who said before the vote that the country would be thrown into economic and social catastrophe if his government collapsed now, won the vote…
Italy’s Berulsconi faces confidence vote
Italian Prime Minister Silvio Berlusconi faces a crucial confidence vote amid infighting in his ruling coalition as well as growing criticism over his handling of the economy and mounting legal scandals. Barring any major upsets, Berlusconi’s majority is expected to pass the vote but the margin is likely to be…
Ex-porn star aims to clean up Italian politics
ROME — Italy’s flamboyant ex-porn star and former politician Cicciolina plans to set up a new political party as the antithesis to her country’s corrupt politics, according to excerpts from an interview published Tuesday. “We want to set up an optimistic party of the future. Enough with these parties of…
Berlusconi faces new scandal as Italy debt crisis deepens
ROME (Reuters) – Prime Minister Silvio Berlusconi faced new accusations on Friday over a prostitution scandal that has added a fresh distraction as Italy struggles to avert a debt crisis which could tear the euro zone apart. Berlusconi is reported to have told Valter Lavitola, a shadowy consultant now wanted…
Italy austerity plan draws wide criticism
MILAN (Reuters) – Italy’s second austerity package in less than a month met with a chorus of criticism a day after becoming law, with the largest union federation threatening a general strike over the “injustice” of the measures. President Giorgio Napolitano on Saturday signed the emergency decree introducing sweeping austerity measures to…
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