Berlusconi Flips, Says Will Support Italy's Government

Tyler Durden's picture


Moments ago, Italy's most popular politician flip-flopped on his threats from the past weekend to take down the country's government, and after realizing he does not have enough support even in his own party to push for early elections and a vote of no confidence for prime minister Letta, Berlusconi announced his party will vote to support the government of the current Premier, a major turnabout that signals he was defeated in his efforts to bring down the government.

From AP:

In brief remarks Wednesday before the confidence vote, Berlusconi said: "Italy needs a government that can produce structural and institutional reforms that the country needs to modernize. We have decided, not without internal strife, to vote in confidence."


It was a huge setback for Berlusconi. He had demanded his five Cabinet ministers quit the government and bring it down. He is incensed at a vote planned Friday that could strip him of his Senate seat following his tax fraud conviction and four-year prison sentence.

And like that, Italy's latest political crisis is averted if only for the time being.

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Wed, 10/02/2013 - 08:03 | 4013266 cloudybrain
cloudybrain's picture

Burn it Down

Wed, 10/02/2013 - 08:06 | 4013273 GetZeeGold
GetZeeGold's picture



As Italy turns.....these are the days of our lives.


Isn't that guy suppose to be in prison?

Wed, 10/02/2013 - 08:11 | 4013278 Ghordius
Ghordius's picture

not as long as he is Senator, which was the whole point of this manouver of his. his "flip-flop" at this moment suggests to me that he did find a compromise

Berlusconi never did the obvious, up to now

Wed, 10/02/2013 - 08:15 | 4013287 max2205
max2205's picture

How do you say do over in Italian? 

Wed, 10/02/2013 - 08:15 | 4013289 Alpha Dog Food
Alpha Dog Food's picture

Watching cartoons is marginally better than this comedy.


My favourite here is 'Whatever Happened To The Occupy Movement'


Wed, 10/02/2013 - 08:24 | 4013307 LawsofPhysics
LawsofPhysics's picture

Please, all politicians lie, it's their job.

Wed, 10/02/2013 - 08:12 | 4013279 CaptainObvious
CaptainObvious's picture

"Isn't that guy suppose to be in prison?"

Yes, but so too should be Jon Corzine.  Last I checked, he is sitting in his beach house in East Hampton, sipping on a martini and counting his political favors.

Wed, 10/02/2013 - 08:15 | 4013286 TeamDepends
TeamDepends's picture

Bunga?  Bunga Bunga!

Wed, 10/02/2013 - 08:16 | 4013292 Ghordius
Ghordius's picture

there is a slight difference between one guy that was judged innocent some 40 trials and culpable on the last one and some other guy that has, as far as I know, not even had one trial, imho

Wed, 10/02/2013 - 09:04 | 4013383 Uskatex
Uskatex's picture

Judged innocent in 40 trials?? BS!!

B had about 30 trials, and was definitely judged innocent in no more than 4-5.

He escaped more than 10 times for statute of limitations, other times for amnesty and finally for having modified the law when Prime Minister decriminalizing some offences he committed.

Now there are 4-5 judgements pending, and if he will not manage to stay in the Senate (thus gaining immunity), he will encounter serious troubles. I really hope that in a couple of weeks the Senate will expel him.

Wed, 10/02/2013 - 10:39 | 4013661 Ghordius
Ghordius's picture

and your point is...? Anyway, I stand corrected. He was prosecuted in "about 30 trials"

now back to the original "comparison": Corzine has been prosecuted... how many times?


(Rant: that's my problem with blogs: how much do commenters know? I could make an argument in defense of Berlusconi, but even in Italy few could follow in all details)

I should have just written: "You can't compare Berlusconi with Corzine. Period"

Wed, 10/02/2013 - 12:32 | 4014204 falak pema
falak pema's picture

the best analysis of the European scene comes from Soros; as usual. 

German hegemony but the split between north and south deeper. In this context Mutti holds all the cards in the short term but could sink, if hegemony that imposes dire austerity on people to protect the banks turns more and more to "Nein Nein Germany first". 

Either Europe gets benign hegemony from Germany, aka more financial soldarity to bring borrowing costs down in PIIGS or its defective Euro/ECB system goes Kaput and Germany also loses her Euro markets.

Looks like 2014 will be interesting world wide. Very tuff times. 

As for Berlu he played poker and lost; I think Mutti whispered something in the ears of those other members of his group and THEY understood where their bread was buttered. Velvet glove, iron hand. 

I hope Italy now gets more "rational" without Papa Musso type antics. Its time to turn the Cavalieri page. 

SOROS: Europe's Nightmare Getting Worse - Business Insider

Wed, 10/02/2013 - 08:06 | 4013267 Zer0head
Zer0head's picture

save that headline, you'll likely be using a similar one in the near future

Boehner Flips, Says Will Support Affordable Care Act

Wed, 10/02/2013 - 08:04 | 4013269 prains
prains's picture

otherwise they were going to cut off his free supply of spray on hair...

Wed, 10/02/2013 - 08:06 | 4013275 jubber
jubber's picture

sell the news 1200 points in two days well in the price, BTP even fell on that annoucement

Wed, 10/02/2013 - 08:09 | 4013276 Sleepless Knight
Sleepless Knight's picture

You just have to wonder - the first response of anyone is what they truely believe, the "changing" of the mind 2 days later was when they had a chance to rethink the issue with their, or their families brains still intact. I wonder what the persuasion was?

Wed, 10/02/2013 - 08:12 | 4013277 DaddyO
DaddyO's picture

Some damaging NSA surveillance?


Wed, 10/02/2013 - 08:16 | 4013290 CaptainObvious
CaptainObvious's picture

The persuasion?  Who knows, it could have been photos of some compromising sexual act, a reversal of his conviction, promise of future political favors, or simply filthy lucre.  These douchenozzles have all kinds of currencies in which they trade, and most of them don't involve fiat.

Wed, 10/02/2013 - 08:13 | 4013280 NoDebt
NoDebt's picture

Europe: crisis averted once again.  That place is so fixed they may never be able to break it again.

Wed, 10/02/2013 - 08:14 | 4013281 Alpha Dog Food
Alpha Dog Food's picture

Watching cartoons is marginally better than this comedy.


My favourite here is 'Whatever Happened To The Occupy Movement'

Wed, 10/02/2013 - 08:16 | 4013291 krispkritter
krispkritter's picture

Government: More flip-flops than you can find on a Florida beach...

Wed, 10/02/2013 - 08:38 | 4013329 LawyerScum
LawyerScum's picture

At least Italy's politicians have some personality, we get clueless empty suit Obama and his Sec. of Idiocy Lurch.

Wed, 10/02/2013 - 08:56 | 4013367 quasimodo
quasimodo's picture

That pic says it all






Wed, 10/02/2013 - 09:44 | 4013471 darteaus
darteaus's picture


Wed, 10/02/2013 - 11:01 | 4013761 Haus-Targaryen
Haus-Targaryen's picture

Bunga Bunga just got owned by a bunch of jr. PDL representatives.  He lost his balls. 

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