Berlusconi Wins Budget Vote As Opposition Abstains

Tyler Durden's picture

Meet the new boss: same as the old boss:

  • ITALIAN PARLIAMENT VOTING ON BUDGET MEASURE
  • ITALY'S BERLUSCONI WINS BUDGET VOTE AFTER OPPOSITION ABSTAINS WITH 308 VOTES IN 630 SEAT PARLIAMENT
  • BERLUSCONI WINS BUDGET VOTE WITHOUT ABSOLUTE MAJORITY
  • BERLUSCONI WINS VOTE BUDGET VOTE

What is notable is that Berlusconi has now lost his majority. Sure enough:

  • ITALY'S BERSANI CALLS ON BERLUSCONI TO RESIGN

What this means is not quite clear but the EURUSD is not too happy for now.