Political squabbles are not exactly unknown in Italian politics. Berlusconi’s coalition has been experiencing an unusual degree of in-fighting of late, but it just survived a parliamentary test.
An interesting side note: Google “Berlusconi coalition” and you’ll see headlines new and old on the fractious nature of Italian politics. The one constant seems to be Berluscon’s ability to survive where lesser men would have succumbed.
Public finances will bot be disrupted by the parliamentary upheaval, says veteran finance minister Tremonti.
Italy has been one of the more responsible euro zone members budget wise in recent years and survived the sovereign debt crisis on quite good shape.
EUR/USD is backing and filling in the 1.3140s in quiet afternoon trade as the market awaits the ECB tomorrow and payrolls on Friday.
