Wednesday, November 9, 2011

Overwhelmed By Berlusconi's Government Debt Crisis

Previously, whether it is still under investigation for alleged corruption exposed sex scandal, the Italian Prime Minister Silvio Berlusconi highly controversial political figure in Europe, still remain in power. But the evening of 8, who shook the Italian political scene nearly 20 years, three times prime minister will announce the resignation of the man is, but it ultimately broke the Berlusconi government's current sovereign debt crisis intensified.

This summer, a raging euro zone sovereign debt crisis spread to Italy. As the euro zone's third largest economy, Italy has been facing in recent years, "high debt, low growth" dilemma. Crisis in the lead, all walks of life want the Government to introduce effective measures to lead Italy out of the debt trap. With the crisis step by step approach, Berlusconi's government is facing increasing pressure, due to poor handling by the accused more and more, with Berlusconi himself frequently exposed by the media negative news, the voice of the growing demands his resignation high, and this discontent spread to even within the ruling coalition.

Recently, Italy has a series within the ruling coalition members "defection." Even Berlusconi's most important ally Bossi 8, declared that Berlusconi has been asked "to Yin." Bossi's party "Northern Alliance" is now the second largest within the ruling coalition party, if he lost the support of the ruling coalition will fall apart.

Berlusconi to resign and move directly trigger the Italian House of Representatives on 8 May 2010 Government's financial report for the vote. Although the report was adopted, but the vote for Berlusconi to see their hopeless situation.

Day, the House of Representatives by 308 votes in favor, 1 abstention resulted in the adoption of this financial report. Italian Chamber of Deputies has 630 seats in total, you need 316 votes to ensure the Berlusconi-led government has a strong dominant position, the government obtained the same day, from this difference of eight votes in favor, that the government has lost the dominant position. If the financial report was not adopted, are likely to suffer from the debt crisis is the threat of a negative impact on the Italian economy, so the use of the Italian opposition parties do not vote the way, "let go" report, leading to the vote in a rare "zero object" was by.

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