Following Milan Election Loss, Failed Berlusconi "Referendum" Sets Stage For Early Italy Elections

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Mon, 05/30/2011 - 12:54 | 1322703 Flore
Flore's picture

Time for a party..

Mon, 05/30/2011 - 13:00 | 1322708 Bam_Man
Bam_Man's picture

Time for a little "bunga bunga".

Mon, 05/30/2011 - 13:00 | 1322709 IdioTsincracY
IdioTsincracY's picture

What?! no more bunga-bunga?!?!

Don't feel bad for Berlusconi .... his citizens will suffer, while he will be relaxing in one of his villas:

Fuck him too!!

Mon, 05/30/2011 - 14:08 | 1322842 Michael
Michael's picture

The people in power should soon be voluntarily riding into the sunset with the loot they pillaged from the people, and give up their power as they see there's no more money that can be extracted from the sheeple.

If there's no more profit in pillaging the people, why bother?

Mon, 05/30/2011 - 12:59 | 1322713 bogey4
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Italy has always been the "tipping-point" in the European debt conundrum.  Whereas Greece, Portugal, Ireland and Spain are salvageable by the other EU nations (i.e. Germany) if Germany wished and had the political will, Italy is too big to save.  Too much debt to bail out. 

Italy's debt market and CDS market hasn't gone berserk yet, but its bond market bears close watching.  If rates there really break out higher, then the Euro is truly a lost cause.

Mon, 05/30/2011 - 13:02 | 1322715 IdioTsincracY
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Can we have an update on Yemen? ... holy sh!t ... it's a mess there right now

Mon, 05/30/2011 - 13:09 | 1322732 youngman
youngman's picture

What we are witnessing is the sheeple voting for the politicians that will keep their goodies coming for cuts here..someone else has to pay for my freebies..the Leftists have made the "rich" the boogieman.....and the dummies are buying it...its easy to make free money...but the problem is there are not that many rich.....its your more soft landings...this economy is going to crash all the producers to "pay" for the users...just does not pun entended

Mon, 05/30/2011 - 13:17 | 1322746 Alcoholic Nativ...
Alcoholic Native American's picture

the new boogieman seems to be the poor......and the dummies are buying it.

the new boogieman seems to be the rich......and the dummies are buying it.


I just can't decide which one makes more sense.  Bottom line is.  We need a boogieman.

Mon, 05/30/2011 - 13:24 | 1322763 IdioTsincracY
IdioTsincracY's picture

If only that was true!

Unfortunately, Italy has followed the path of exponentially increasing income inequality ... with the rich becoming more and mooooore rich .... and everybody else not even able to keep up with inflation ...

It's the same story of the Oligarchy scamming everybody else and destroying the middle class in the processs ....

Corrupt politicians and bankers dominate every field of society in Italy ... and we see the results ...

I know people like to throw around labels of socialism in these cases, unfortunately it is only the same story of corruption at the top....

If you want to talk socialism you should look at Norway, Finland .... you know .... those Countries ....


Mon, 05/30/2011 - 15:11 | 1323000 luigi
luigi's picture

In this very case I beg to differ. Nobody in Italy, as far as I can see, believes that you can go out the actual situation not making sacrifices. Moratti was voted out because she promised that she would cancel fines for bad parking: strangely enough many citizen found this somewhat insulting.

In Neaples De Magistris won against the center-right candidate who is the strawman of a notorious Camorra-colluded politician who is the right arm of Berlusconi in his government.

This self appointed "conservatives" are being voted against because the only thing they wanto to "conserve" is their asses on the chairs.

Mon, 05/30/2011 - 15:18 | 1323023 IdioTsincracY
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Mon, 05/30/2011 - 13:10 | 1322739 DNB-sore
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The Italy matter is going bad. 50% of my Italian suppliers in design furniture is in problems, some have broken down, others are due delivery for 2 months and I'm worried about the others.

It looks like export is going down without anybody noticing.

I'm on the edge of selling out the Italian products because I can not count on it these days. It's only leading to disapointed customers and that is bringing down my business

Must be the economy under the Capo di tuti Capi (or how you say it) and it is showing a breakdown

Mon, 05/30/2011 - 15:17 | 1323019 luigi
luigi's picture

Exactly: even Mrs. Marcegaglia, the president of the "Confindustria" turned her back to this government.

The only thin this government made was to lock every expense to try to hold the balance account somewhat. For the rest the ruling parties only worked to save the Boss from proseution issuing laws and decrees who can only be defined as shameful.

I'd wait some more months if I were you and I would salute the fall of this Government eliminating the disgrace of this dangerous clown like a breath of fresh air: whatever will come next.

Mon, 05/30/2011 - 13:14 | 1322753 s0lspot
s0lspot's picture

Aaaahh the infamous "Red Threat" !


I wonder where he got his training from... Hitler, Reagan, Mussolini?

So sad to read so many people here still repeating this obsolete & primitive meme...

Mon, 05/30/2011 - 13:19 | 1322756 Danno Anderson
Danno Anderson's picture

Protectionism and tariffs are rising in the EU today.  From the RedOne photography message board.



Today I´ve got an additional claim from austrians customs duty office.( bought my RED One in MAY 2008)
Ther was an mandatory tariff classification from last year that the RED One has got this tariff number: 8525 8099 00. That mens 12% importduty instead 4,9%.

This is valid for the whole EU

In Austria (I had a Telephone call with the custom office) they are now looking for all Red One buyers and claim the additional duty. There is one month for an appointment. 
Maybe RED Europe can help us here.



Mon, 05/30/2011 - 13:21 | 1322759 Negro Primero
Negro Primero's picture

Italy thanks

Mon, 05/30/2011 - 13:41 | 1322799 Cthonic
Cthonic's picture


Mon, 05/30/2011 - 13:30 | 1322776 Segestan
Segestan's picture

"It's all the communists' fault".......... wanta be's ,organized labor , and minorities who preach equality from the pulpit while they steal like thieves in the night. Modern Stability is built on a house of cards with idealist-dreamers , motivated liars,  thinking they can be the dealer.

Mon, 05/30/2011 - 13:39 | 1322790 GeneMarchbanks
GeneMarchbanks's picture

That man Silvio... his only crime is loving too much ... bitches that is. What a farce. All of it.

Mon, 05/30/2011 - 13:44 | 1322802 sharpe
sharpe's picture

sounds like an Italian election with one party on 55% and the other 46%


Mon, 05/30/2011 - 14:05 | 1322843 gianmarco
gianmarco's picture

Sorry Tyler, but perhaps you should stick to financial data and abstain from commenting on a country that you dont seem to know at all.

yes, in italy we have communist judges. is not Berlusconi saying they are communists, its them claiming proudly that they are.

perhaps you should investigate a bit more on italy and on the out of control italian judiciary, which sistematically intercept hundreds of thousands of telephones, expecially the ones of politicians, looking for any excuse at all to bring them to court for the most extravagant reasons. remember, this is the same judiciary that has indicted the italian seismologic institute for having failed to predict L'aquila earthquake.

Mon, 05/30/2011 - 14:21 | 1322865 Rodent Freikorps
Rodent Freikorps's picture

He was indicted for manslaughter.

Typical commie reaction. Find a scapegoat, have a show trial.

Good times.


Mon, 05/30/2011 - 15:23 | 1322963 IdioTsincracY
IdioTsincracY's picture

Here comes the comunist bullshit!!

So, let's see ... socialist this .... comunist that, unions here, lazy asses there ....

All right ... as if the Oligarchy ruling/scamming Italy was made up of factory workers ... whatever!!

Now, let's see:

In 1978 Berlusconi joined a secret Masonic lodge called Propaganda Due whose charter had been withdrawn in 1976.  Members included top military leaders, businessmen, bankers, certain politicians, Victor Emmanuel the son of Italy's last king, and the directors of Italy's three intelligence services, and it was basically a shadow government devoted to forming a new right-wing authoritarian state under the control of this elite.  The goal was to destroy the Communist party and the trade-unions and rewrite the Italian constitution.  Propaganda Due, or P2, was discovered in 1981 while the authorities were investigating a member, Michele Sindona, an international banker and money-launderer, and it was eventually implicated in a number of murders and a whole bunch of political corruption which we can't even get into here.

Central to Propaganda Due's plans was the consolidation of the country's media...which is where Berlusconi fit in.


What was that?!?! Say it again...:

top military leaders, businessmen, bankers, certain politicians, Victor Emmanuel the son of Italy's last king, and the directors of Italy's three intelligence services

Yep, your typical comunist leaders ... right there ....

Anything else?!?!

...forming a new right-wing authoritarian state under the control of this elite.  The goal was to destroy the Communist party and the trade-unions and rewrite the Italian constitution

Yep yep ... Karl Marx ... right there!!


Mon, 05/30/2011 - 15:32 | 1323027 Rodent Freikorps
Rodent Freikorps's picture

The goal?

How'd they do?

I never could figure out why socialists hate communists. Is it clique thing?

Study up on Romano Prodi.

Mon, 05/30/2011 - 15:45 | 1323064 luigi
luigi's picture

You don't seem to be very fond of Italian situation either or else, you are living in the wonderful dreamworld you are being fed by such professionals like Fede and Minzolini.

Berlusconi is (rightly) in the crosshair of judges since end of the 70ies, when he used to host a notorious mafioso in his home (Vito Mangano) as a sort of life insurance against kidnapping. In fact he received menaces of kidnapping of him and or family members, he contracted mafia for protection hosting this boss (contacted through the mediation of Dell'Utri, his right arm since ever, now convicted in second grade for "external support to mafia", third grade pending) instead of going to police or carabinieri: this is the ethic of the "best politician prime minister of the last 150 years" (his own words).

He entered politics to save himself from bankrupcy and from the court, but since then the vice-versa has been imposed through the media, i.e. the political "persecution" started after him entering politics. This simply is a lie. He saved himself from the many processes through laws approved on purpoise. In some cases because the judges who supposedly "persecute" him negate evidence to save him from penal consequences. As an exapmple and short put: two of his lawyers and two judges were convicted for bribing in the case of Mondadori selling, where De Benedetti and Berlusconi disputed about the ownership (we are talking about the then biggest and most influencial media in the printed press business in Italy) and the bribed judges acted in order to favour Berlusconi, payed by the lawyers of Berlusconi with Fininvest money: well  the judges said it wasn't sufficiently proved that the lawyers acted on behalf of Berlusconi... these Torquemadas...

I'm really fed up of having to justify myself abroad for being Italian because I have the disgrace to share my Country with people who react like pavlov's dogs on the word "communist"!

You and your like are a bigger disgrace to my unfortunate Country than Berlusconi itself is!

Mon, 05/30/2011 - 15:46 | 1323065 Silvarouvres
Silvarouvres's picture

Berlusconi's hold on the media in Italy is a much bigger issue than communist judges I'd say, and easier to discuss based on facts. The fact that his stranglehold on the media has not stopped the Italians to vote him in again and again, may be even a bigger issue and is difficult to understand. This couldn't happen in any other country in Europe

Mon, 05/30/2011 - 15:51 | 1323070 Silvarouvres
Silvarouvres's picture


Italia may be ahead of the curve

Mon, 05/30/2011 - 15:58 | 1323081 luigi
luigi's picture

It's exactly the stranglehold on the media taht allowed him to be voted in again and again: maybe you haven't seen the level of our TV. Over 90% of teh people here gets his information from the news of the first and second channel of public tv + "canale 5". The level of information is so low it is quite embarassing.

What wonders me is ecactly the contrary: that the stranglehold on the madia hasn't prevented Italians to vote against him after he declared these election as kind of plebiscite on his person. Maybe not all hope is lost...

Mon, 05/30/2011 - 14:38 | 1322906 russwinter
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Greeks Need to Resist Exportation of their National Assets:

Mon, 05/30/2011 - 17:44 | 1323206 SunBlaster
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I wouldn't worry about Italy, they got more GOLD than China!

Mon, 05/30/2011 - 22:40 | 1324207 joiceca
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Tue, 05/31/2011 - 02:49 | 1324607 Lighty
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Time to start attending German lessons, in case things really fall off a cliff in the near future.

For the time being, our standard of living has been slowly but continously eroding, thanks to unreported inflation, short term jobs, unemployment and consequent strong pressure on wages, cuts on social welfare and education. For now it is still bearable, at least in the north (certain places of the south  have been in a third world state since the beginning of time) but I'm afraid about my future.

Finchè la barca va lasciamola andare, ma intanto impariamo a nuotare nel mare.

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