Berlusconi Wins Budget Vote As Opposition Abstains

Tyler Durden's picture

Meet the new boss: same as the old boss:


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


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

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Irish66's picture

Thank goodness thats over, next

GenX Investor's picture

He vexes me terribly, why won't he simply die?

BaBaBouy's picture

Sure, Abstain...

Mercedes Driving EURo TR, Collect the Huge G'ment paycheck, And No Balls At All ...


They are doomed...

earleflorida's picture

he who controls the can opener,... keepeth the lid on all transgressions - notably his own 

jdelano's picture

It is going to take a criminal like Berlusconi to bring down the CB criminals.  I'm rooting for him.   Fire with fire.   Watch his corrupt ass pay everyone off, pull strings, and stay in power long enough to put yields over 7%...merk and sark must be totally nonplussed...berlusconi's not only got the right mentality (mafioso) to beat them at their own game, but he's also got more direct resources than their broke asses do.  I hope he seriously fucks everything up for them. 

Coke and Hookers's picture


There's been a rumor for a long time that the CIA has run several operations to get rid of Berlusconi. Apparently he's not a good NWO robot and his friendship with Putin has been causing TPTB to shit bricks for years.

rosex229's picture

so now the only question is at 3 pm what news will come out that will construe this as bullish

HelluvaEngineer's picture

Ah, here comes the volume

The Big Ching-aso's picture



'Strumming my ass with his fingers

Shitting my life with his verve

Killing me softly with his vote

Killing me softly with his vote

Selling my whole life with his word

Killing me softly with his vote....'

Roland99's picture

Pump up the Volume:


or perhaps ("You ever get the feeling everything in America is completely fucked up?":


homersimpson's picture

Um.. that's weird. The market is going south. I thought this was bullish.. just like the tsunami/earthquake in Japan, the EFSF crap, Robotrader's day-late predictions, etc..

vast-dom's picture

semblance of normality is the only weird thing left in these markets.

HelluvaEngineer's picture

Fraud Street is just waiting for some good news so that they can burn the bulltards.

SheepDog-One's picture

Sell any actual news, as it can no longer be used as an algo-frothing rumor.

youngman's picture

So future cuts...planned but will never be implimented...but money needed today.....short tem day to day next week...who is next week...I am tired of the next week....and I think so is the rest of the world...

SheepDog-One's picture

Yea yea yea someday we'll get all this fixed we wheres the damn hookers and blow!

Peter K's picture

Silvio lost his majority on this vote. Slight difference:)

IrritableBowels's picture

Resignation requested.


Edit: Per MCC

pudding's picture

well, the market can always think about negative comment

Mike2756's picture

Austerity is wildly bullish. Market is glad the system won't collapse, doesn't matter what happens to B'sconi.

gatorengineer's picture

The hopium is strong in this one.........

Dr. Engali's picture

It means BTFD no matter what happens debt explosion, nuclear war, etc. Just BTFD.

pudding's picture

S&P is so strong

the not so mighty maximiza's picture

Berlusconi wins!!!  Young 18 year old pu-tang for everyone!!!!!!!!

John Law Lives's picture

Maybe deep down the Italians admire a man who claimed to bed 8 different women in one night...

stika's picture

Berlusconi will defeat the ECB! Go Bunga... GO!

tim73's picture

Like an ad from 80's said, "We are second, we try harder!". So give your best shot at Eurozone, you fat, stupid, useless, second grade  Americans and Britons and let's dance and see who is who! (preferably with AC/DC's Who Made Who as background music from neutral Australia, they are ok). :)

jdelano's picture

What are you talking about?  this isn't about America versus Europe, this is about the little people versus TPTB.  You're at the wrong rodeo.  

tim73's picture

It isn't?! You guys have been talking down to Euro since it was invented! TPTB is mostly London/New York problem, good luck with that.

pendragon's picture

yesterday rumours of berlusconi's resignations were good for the euro... a broken market.

The 100 Trillion Dollar Man's picture

Seven more invites to the next Bunga-Bunga party and the confidence motion will pass.

mspgrandi's picture

market talk that LCH CLearnet will increase margin requirements on italian bonds by 5% . Effective close of Wednesday.


happyt birthday

YesWeKahn's picture

This must be bullish, the market likes it. There is always buyers at any given price point. Risk on again!

bentaxle's picture

Any fightin' break out yet?

Ponzi Unit's picture

FT gets it wrong?

Silvio Berlusconi’s centre-right government has lost its majority in parliament in a key vote on last year’s accounts that came after mounting concern in bond markets piled pressure on the embattled prime minister by pushing borrowing costs to fresh euro-era highs.

johngerard's picture

Berlusconi's won! Hurrah! Whores, coke and kick-backs all 'round!

BobPaulson's picture

And now, some comments from Woodie Guthrie: