Italian Prime minister Silvio Berlusconi resigns
Rome, 21.45 pm, 12/11/2011: the Italian prime minister resigns. The Berlusconi era comes to an end.
The decision is communicated in a press conference at the Quirinale not my Berlusconi himself, but by an unknown official, the general secretary of the Presidency of the Italian Republic, Donato Marra.
It’s a short speech, but enough to make the joy of the Italians explode. It’s a joy mixed to anger, the one that spreads across the street of Rome during the night: thousands of people celebrating the end of almost 20 years of Berlusconism.
An improvised orchestra plays Hallelujah outside the Quirinale:
Trader Alessio Rastani on the BBC: “Investors don’t buy these rescue plans”
TRADER OR PRANKSTER? – Wonders today Forbes’ blogger Emily Lambert, who interviewed him again after the turmoil generated by his interview on the BBC yesterday. What is certain is that London-based trader Alessio Rastani has managed to draw attention on himself with his scarying statements on the global economic crisis. He even admitted that he is “dreaming” of the crisis to spread even more in order to make more money.
THE ECONOMIC CRISIS IS LIKE A CANCER – And in a moment when Italy is risking to end up in a similar situation to that of Greece and Portugal, and the spread between its bonds and the German bunds keeps widening - almost vanifying this way the effects of the austerity plan recently put forwards by the Berlusconi government - Mr Rastani’s interview on the BBC came like a cold shower for those who hoped that things could soon get better. He said in fact that within the next 12 months the savings of millions of people in the world are going to disappear, and he compared the economic crisis to a cancer that if ignored can only get worse.
According to Mr Rastani, even bailouts and rescue plans are completely uneffective in reassuring the investors: in a market ruled by speculation, he says, investors are more likely to be skeptical about the world’s politicians’ response to the crisis than to trust their recovery plans.
The global economy is ruled by Goldman Sachs rather than by governments, he added: and actually, if things get worse there’s the scope for some people to get rich out of it.
Italy, austerity plan fails to reassure markets. On Facebook the anger of the Italians against the privileges of their MPs
AUSTERITY PLAN FAILED – The austerity plan put forward by the Italian government and approved by the Parliament last week failed to reassured the financial markets.
For Italy there is still a concrete contagion-risk from the debt crisis that is afflicting Greece.
ITALIAN BANKS DOWN – Today, the spread between Italian bonds and German bunds reached 337,1 points. Two of the Italian main banks, Unicredit and Intesa San Paolo, one hour after the opening of Piazza Affari – the Milan stock exchange – had lost 4,13 and 3,11 points.
In the late morning, Silvio Berlusconi met the President of the Republic, Giorgio Napolitano, to discuss among other things the effects of the austerity plan.
CUTS AFFECTING LOW-INCOME PEOPLE – The plan has been welcomed with anger by the majority of the population: one of the consequences of the plan is in fact the increase in the cost of healthcare services, including specialistic check-ups in hospitals.
At the same time, the long-discussed cuts to the cost of politics – allowances, free air travels, the use of state vehicles just to name a few – were erased from the austerity plan at the very last minute.
In other words, many think that t
he costs of these plan are weighing entirely on the shoulders of low-income people, while high-earners and politicians -who in Italy receive a salary that is much higher of that of their collegues in most European states – were left untouched by the cuts.
ON FACEBOOK THE REVOLT AGAINST THE “CASTE” OF MPS -
As a reaction to that, since Saturday an anonymous Facebook user – who identifies himself only with the nickname Spidertruman – has started publishing the details of all the personal expenses Italian MP’s pay with public money: this include, for example, the use of state cars by MP’s wives to go shopping and bring kids to school, discounts on cars and mobile tariffs, free travels on state airplanes.
The page - I segreti d
ella casta di Montecitorio (“the secrets of the caste of Montecitorio”, Montecitorio being the name of the buildin
g where the Italian parliament is located in Rome) – has been “liked” by 200,000 Facebook users so far. Some of the comments of the angered citizens include “you’re a hero! We should do a huge demonstration” (Glosh869), “Do these sons of a b… know how hard it is to mantain a family with 1,200 euros a month? Guys, let’s organise ourselves, we should kick them out through a revolution!” (Stefano), “excellent, now I only wish that all the Italians kicked their MPs out, all of them” (Antonello).
Spidertruman has also a blog (http://isegretidellacasta.blogspot.com/) – and a Twitter account (http://twitter.com/#!/SpiderTruman).
In the meantime, a real hunt to find out the real identity of the “deep throat” has started in the corridors of Montecitorio.














