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Chart Of The Day: Italian Political Polls

Tyler Durden's picture




 

Or why rumors of a triumphal Berlusconi (head of the PdL party) return to the Italian Prime Ministerial post are greatly exaggerated.

And while Mario Monti's reign is now in the past, even though a real new government will likely not take over for many months, and Berlusconi's contrarian position is quite clear, the man most likely set to replace Monti, the PD's Pier Luigi Bersani has made it clear he has every intention of continuing in his predecessor's steps. From the WSJ:

Pier Luigi Bersani, the center-left politician whom polls tip as Italy's next leader, pledged to uphold his country's economic commitments to Europe amid the debt crisis and not to dismantle key overhauls by the current government, if he is elected in a coming national vote.

 

"We will respect the very stringent commitments taken…and we will take them on as our own," Mr. Bersani said in an interview at a small hotel in his hometown in Italy's northern Emilia Romagna region over the weekend.

 

Mr. Bersani spoke hours before Prime Minister Mario Monti announced he would resign once Parliament approves the country's 2013 budget. The surprise decision means Italy is likely to hold elections as early as February, accelerating the departure of Mr. Monti's yearlong technocrat government earlier than expected and ushering in what promises to be a volatile two months of political jostling as Italy tries to return to democratic governance.

Yet while a Berlusconi government appears out of the question, what is the key risk as we explained over the weekend, is what concessions the PD will have to give in order to create a coalition government that will give it a majority vote. Because it is not the return of Silvio that is the biggest risk: it is the threat that Italy, like the US, will suddenly find itself in a gridlocked position in which it is unable to make any political decisions, until such time as the ECB chimes in.

 

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Mon, 12/10/2012 - 09:09 | 3048240 GetZeeGold
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I voted Bunga Bunga!

Mon, 12/10/2012 - 09:27 | 3048270 BKbroiler
BKbroiler's picture

hell yeah.  If we can't have competent or honest politicians, at least gve us funny ones.

Mon, 12/10/2012 - 09:44 | 3048293 Middle_Finger_Market
Middle_Finger_Market's picture

On another note missing the Bush days...Obama is as incometent but really boring.  

Mon, 12/10/2012 - 10:58 | 3048460 LeisureSmith
LeisureSmith's picture

Mario stepping down for Luigi....Priceless.

Mon, 12/10/2012 - 09:13 | 3048241 firstdivision
firstdivision's picture

This title is misleading.  I don't see any strippers on poles.

-Silvio Berlusconi

Mon, 12/10/2012 - 09:13 | 3048245 Super Broccoli
Super Broccoli's picture

well never mind the polls are going to change a lot with the 10 year bond yields going crazy in the next few days ;-)

Mon, 12/10/2012 - 09:14 | 3048248 Looney
Looney's picture

I don't understand WHY this soon-to-be-80 boychik still wants to play the game? He has everything he's ever wanted...

Just kick back and enjoy your Bunga-Bunga life.  ;-)

Looney

Mon, 12/10/2012 - 09:17 | 3048256 Tyler Durden
Tyler Durden's picture

Immunity from criminal prosecution

Mon, 12/10/2012 - 09:20 | 3048260 GetZeeGold
GetZeeGold's picture

 Yes please.

Mon, 12/10/2012 - 10:07 | 3048330 new game
new game's picture

and this just in from reuters-unfucking believable-the estemmed three card monti-the press makes the fuckheads out to be heros...

somebody(tyler-thank you)must parse this sack of shit called journalism for the non-thinker...

Analysts fear Monti's unexpected resignation could spark a new round of Italian political turmoil and slow efforts to shape up the 17-country eurozone's third largest economy.

Berlusconi resigned as premier last year, unable to convince international markets that he could balance Italy's budget and pass necessary financial reforms to save Italy from a Greek-style debt crisis. Monti, a respected economist and former European Union competition commissioner, was tapped to head a government of technocrats.

"This (Monti's) decision has clearly been met with anxiety in the markets, with Monti's government seen as imperative to Italy's stability," Craig Erlam, market analyst for London-based Alpari, said in a note.

Italy's main stock index, the FTSE MIB, was trading down 3.46% at 15,155.86 Monday. The interest rate on the Italian government's 10-year bond — an indicator of how risky investors consider a country's ability to pay down its debt — rose 0.30 percentage points to 4.52%.

Mon, 12/10/2012 - 13:31 | 3048940 Bob
Bob's picture

Bill Black is unhappy with the US press' lionization of Monti as well:

http://www.commondreams.org/view/2012/12/10-4

Mon, 12/10/2012 - 10:15 | 3048341 Pool Shark
Pool Shark's picture

 

 

He could always join McAfee in Guatemala.

I hear he's fun to party with...

http://www.vice.com/read/john-mcafee-bath-salts-belize-murder-fugitive-gregory-faull

 

Mon, 12/10/2012 - 09:20 | 3048261 LikeClockwork
LikeClockwork's picture

To maintain his stay-out-a-jail exemption?

Mon, 12/10/2012 - 09:22 | 3048264 bluehorsesandal
Mon, 12/10/2012 - 09:27 | 3048271 WhiteNight123129
WhiteNight123129's picture

Why would anyone short Italian bonds? Because they can not print? That is the cure!

The country has the largest primary surplus of Europe 3.2% (larger than Germany). It has a balanced trade. Yet Gov debt to GDP is high, but Gov has many assets including stake in National Oil company, utilities etc... etc...  Also the consumers have the smallest ratio of mortgage debt to GDP of teh OECD and little revolving debt. Absurd. Invest in Italian exporters if cheap enough.

 

Mon, 12/10/2012 - 09:28 | 3048273 smart girl
smart girl's picture

Looks like an Italian modern art graph

Mon, 12/10/2012 - 09:34 | 3048286 firstdivision
firstdivision's picture

What's more hopeful, Berlusconi being elected PM, Facebook making money, or the US economy is recovering?

Mon, 12/10/2012 - 09:38 | 3048289 GMadScientist
GMadScientist's picture

Bunga is fractally similar to the VD one might get from hanging around Bunga; just keeps on giving.

Mon, 12/10/2012 - 09:44 | 3048294 Freddie
Freddie's picture

Amerika should have such "honest" politicians.

Mon, 12/10/2012 - 10:03 | 3048322 Zardoz67
Zardoz67's picture

It's the first time in the last 5 years that a GS men leave a position in europe. has gs espansion reached a cliff?

Mon, 12/10/2012 - 10:03 | 3048323 Iam Yue2
Iam Yue2's picture

Non-Chart of the day, in that it failsto take into account the "bunga factor."

Mon, 12/10/2012 - 10:23 | 3048372 andrewp111
andrewp111's picture

Yeah, and the fact that the only way Berlusconi can stay out of jail is to become PM again.

Mon, 12/10/2012 - 10:20 | 3048362 Bahamas
Bahamas's picture

For those who have never heard of Bersani, it should be interesting to know that on his financial side he has the so called "Cooperative Rosse" ..Red Cooperatives belonging to former crypto Communists an a very shady castle of transversal ownership. One of these major cooperatives is CMC. A big size contractor that also builds military bases around the world and is much appreciated by the US Defence Department because of it's convenient prices.

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