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Il Giornale: "The Monti Government Is Increasingly Hanging By A Thread"

Tyler Durden's picture


As predicted in our overnight summary piece titled, "Sentiment Shaken By Concerns Of Political Circus Returning To Italy" Europe appears set to be gripped by yet another political crisis, this time by the country that most forgot in 2012, with the attention focusing primarily on Spain and Greece. The reason is what some may call Berlusconi's revenge, who after being eliminated by the ECB in November 2011 when Draghi sent Italian bond spreads soaring, and made Berlusconi's departure a condition to returning normalcy in exchange for planting yet another Goldman tentacle in Italy, Mario Monti, has now shaken the credibility of his successor by having his party PDL abstain from a vote of confidence in favor of Monti's growth measures. The result, as Il Giornale reported moments ago, is that the "the government is increasingly hanging by a thread". It continues: 'Now Prime Minister Mario Monti is likely to no longer have the numbers in parliament. The majority creaks." Is this the end of the technocratic quiet in the austerity regimes? And if the people have said Basta to Goldman and its appointees, does this open the door wide for the likes of Berlusconi to retake the power and force Goldman to scramble to regain status quo "normalcy" for another several months just as every sellside firm has bet the ranch on a global renaissance in 2013?

From Il Giornale, Google translated:

The position of the PDL has created a strong nervousness among the ranks of the Democrats. "When the PDL decided to move out abstention by the majority, this means that the government no longer has the confidence of the majority of the halls of Parliament," he emphasized the group leader of the Democratic Party in the Senate Anna Finocchiaro denouncing "a political issue of great importance." "Today the trust has numbers that do not meet the majority of the Senate," he continued Finocchiaro that, despite not having a crystal ball, did not rule out the outcome "technically" bad for the government. And this was one consequence: "Monti must rise to the Quirinale." Satisfied, however, the Northern League. "Finally, the PDL has opened my eyes and decided not to support more government," said the leader of the Northern League Federico Bricolo the hope that "the PDL'm serious," and "continue on this road because this means that you can also open new political scenarios."

Because Europe didn't have enough moving pieces as is. While for now the government is not in danger of an imminent collapse, the EURUSD, which once again dipped below 1.3000 is certainly watching the developments out of Italy with great interest.

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Thu, 12/06/2012 - 11:50 | 3039343 redpill
redpill's picture

Bring back Silvio!  Less talking, more bunga!

Thu, 12/06/2012 - 11:57 | 3039347 otto skorzeny
otto skorzeny's picture

bunga never gets old-and neither do the whores. I heard that Hillary would try to sniff Silvio's finger when they would meet.

Thu, 12/06/2012 - 12:42 | 3039503 metastar
metastar's picture

Could be hanging by a noose.

Thu, 12/06/2012 - 14:09 | 3039758 boogerbently
boogerbently's picture

The EU....where broke countries promise to bail out other broke countries.

Thu, 12/06/2012 - 11:50 | 3039345 williambanzai7
williambanzai7's picture


Thu, 12/06/2012 - 11:50 | 3039346 unrulian
unrulian's picture

Snap bitchez

Thu, 12/06/2012 - 11:52 | 3039350 LongSoupLine
LongSoupLine's picture



Cracks in the Goldman world domination plan??  Noooooo!

Thu, 12/06/2012 - 11:52 | 3039353 Inthemix96
Inthemix96's picture

"After A Violent Confrontation Between Members Of The Monti Government And The Local Pissed Off Italian Population, Monti's Head Is Left Hanging By A Thread".

Is a far better headline ZHers.  This fuckers time will come, mark my words, even my bloody mother has woken up...

Thu, 12/06/2012 - 14:13 | 3039770 boogerbently
boogerbently's picture

This could be great for us.

If they start killing their inept/corrupt rulers, maybe ours will wake up, and WE won't need to.

Thu, 12/06/2012 - 11:53 | 3039356 slaughterer
slaughterer's picture

If Monti (GS) goes, then so does Italy (out of the Euro).  

Thu, 12/06/2012 - 11:56 | 3039365 Shizzmoney
Shizzmoney's picture

I'm sure the Italian people will stick with Monti and give him support, considering that they voted him in.....

......oh, wait.

Thu, 12/06/2012 - 12:00 | 3039366 Sudden Debt
Sudden Debt's picture

It's not like they ever where really productive. Like I said before, I fully remember the vacationtrips and the locals constantly making jokes over there about their European sponsor who picked up every bill twice over.

It's not in their culture to work hard.

They don't have the trained workforce.

The infrastructure isn't there.

G A M E   O V E R !!!














Thu, 12/06/2012 - 12:41 | 3039500 Navymugsy
Navymugsy's picture

I lived in Sicily for three years and traveled extensively throughout Italy and I never remember anybody working that hard. La Dolce Vita bitches!

Thu, 12/06/2012 - 11:56 | 3039370 Dr. Engali
Dr. Engali's picture

Looks like Goldman needs to buy him more seats in parliment.

Thu, 12/06/2012 - 11:59 | 3039378 Haus-Targaryen
Haus-Targaryen's picture

Can something just happen already?  

Thu, 12/06/2012 - 12:21 | 3039445 The trend is yo...
The trend is your friend's picture

nothing  will happen, this is like a soap opera that never ends.  Just when you think their is an end they introduce new characters to keep the show going.   

Thu, 12/06/2012 - 12:39 | 3039494 slackrabbit
slackrabbit's picture

Like sands through the hourglass ...http://youtu.be/98T3PVaRrHU


Scary but true.

Thu, 12/06/2012 - 11:58 | 3039380 OldPhart
OldPhart's picture

Re:  "the government is increasingly hanging by a thread"

I'm increasingly wanting to see government hanging by a rope.

Thu, 12/06/2012 - 11:59 | 3039381 slaughterer
slaughterer's picture

Would a beautiful Italian woman bunga with Monti?  Case closed.  

Thu, 12/06/2012 - 12:00 | 3039385 DCFusor
DCFusor's picture

just as every sellside firm has bet the your ranch on a global renaissance in 2013?

Fixed it for you.

Thu, 12/06/2012 - 12:00 | 3039388 Super Broccoli
Super Broccoli's picture


Have him out, crash that damn euro and let's have that big fat reset ! (but not right now please, let's wait another 6 months up to a year please)

Thu, 12/06/2012 - 12:03 | 3039395 BlueCollaredOne
BlueCollaredOne's picture

Cmon ZH, this far down in the comment line and no one has said "They should be hanging by a noose."???

I am much dissapoint.  

Thu, 12/06/2012 - 12:05 | 3039404 Dr. Engali
Dr. Engali's picture

You must not have read all the comments. oldphart beat you to it.

Thu, 12/06/2012 - 12:03 | 3039396 magpie
magpie's picture

Once again...long Otto Skorzeny

Thu, 12/06/2012 - 12:09 | 3039412 hugovanderbubble
hugovanderbubble's picture

RATING AGENCY "PETERSSEN"  DOWNGRADES SPAIN TO JUNK BOND, (Debt Haircuts coming and Covered Bonds Mismatch Valuations Collapse)




Thu, 12/06/2012 - 12:10 | 3039416 Element
Element's picture

Time to swap-out some old criminals for some new ones.


And time for a little nap.

Thu, 12/06/2012 - 12:17 | 3039435 Iam Yue2
Iam Yue2's picture

Anche il Pdl dovrebbe fare le primarie per il candidato premier?
[3416 voti totali]

(3000 voti) 88%

(416 voti) 12%

La stampa poll which basically asks, the cadidate for leader should be somebody from Berlusconi's PDL Party.

Thu, 12/06/2012 - 12:33 | 3039485 slackrabbit
slackrabbit's picture

that photo is classic.

he just looks mad...


Thu, 12/06/2012 - 12:41 | 3039501 cardis
cardis's picture

BerluscoLira+Bunga, subito.

Thu, 12/06/2012 - 13:19 | 3039619 Monedas
Monedas's picture

Hanging by a piano wire around the balls !

Thu, 12/06/2012 - 13:29 | 3039643 Monedas
Monedas's picture

I would rather own an ounce of gold !                                                                                      I would rather own 1500 Euros !

Thu, 12/06/2012 - 13:47 | 3039689 DogSlime
DogSlime's picture


Don't get up...  Don't go out...


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