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Friday, 6 August 2010 - Italy PM to seek September confidence vote |
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    Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Senate approves Obama nominee Kagan to top court | Video 05 Aug 2010 UPDATE 2-Google ordered to defend against age bias lawsuit 05 Aug 2010 UPDATE 1-US Postal Service loses $3.5 bln in third quarter 05 Aug 2010 Wheat off 6 percent after rally on Russia export halt 11:33am EDT Dog chews off Michigan man's toe, saves his life 04 Aug 2010 Key Obama economic adviser Romer stepping down 10:53am EDT Cancer cells slurp up fructose, US study finds 02 Aug 2010 Factbox: How to invest into gold and key price drivers 05 Aug 2010 WRAPUP 5-Saudi, RIM talks progress as Blackberry ban looms 05 Aug 2010 British X-Files describe secret UFO encounters 05 Aug 2010 Cancer cells slurp up fructose, US study finds 02 Aug 2010 UPDATE 1-US Postal Service loses $3.5 bln in third quarter 05 Aug 2010 Dog chews off Michigan man's toe, saves his life 04 Aug 2010 Chavez may bar nominee U.S. envoy for "meddling" 05 Aug 2010 UPDATE 2-Google ordered to defend against age bias lawsuit 05 Aug 2010 Weak private hiring shows recovery on the ropes 10:53am EDT Women find men in red more appealing? 05 Aug 2010 Senate approves Obama nominee Kagan to top court | Video 05 Aug 2010 New study blasts theory that women do more work 05 Aug 2010 Analysis: China poised to set gold market alight as it opens up 05 Aug 2010 Italy PM to seek September confidence vote Digg This Tweet This Share on LinkedIn Share on Facebook Related News Instant View: Italy's PM Berlusconi to seek confidence vote 9:52am EDT Analysis: Italy's Berlusconi gambles on confidence vote 10:15am EDT Related Topics World » Italy » Italy's Prime Minister Silvio Berlusconi (C) celebrates after winning a final confidence vote on a 25 billion euro austerity package at Italy's upper house of Parliament in Rome July 28, 2010. Credit: Reuters/Tony Gentile By Philip Pullella ROME | Fri Aug 6, 2010 10:15am EDT ROME (Reuters) - Italian Prime Minister Silvio Berlusconi, his power sapped by a break with an ally, will seek a show of confidence from his splintered coalition in September and resign if he loses, a party leader said on Friday. Fabrizio Cicchitto, head of center-right parliamentarians in the lower house, said Berlusconi will give his coalition one more chance to close ranks before giving up. "In September, Berlusconi will present a platform based on a few points. We hope that a majority can be found to support them and renew the confidence in the government," he said in a statement. "Otherwise, at that point, there can be no alternative to elections." Lower house speaker Gianfranco Fini, who split with Berlusconi last week, allowed the prime minister to escape a full-blown showdown on Wednesday by letting a junior minister survive a confidence motion in parliament. But Fini's supporters showed their strength by abstaining in the vote, making clear that they had enough votes to bring the government down if they had chosen to oppose it. Fini, a co-founder of Berlusconi's People of Freedom party (PDL), has set up a breakaway faction in parliament that could deprive Berlusconi of his majority, particularly if the rebels join ranks with small centrists opposition parties. This is exactly what happened on Wednesday when a no-confidence motion against junior justice minister Giacomo Caliendo failed by 70 votes. Fini's backers abstained along with members of three smaller parties, totaling 75 votes. Cicchitto did not specify in his statement what the points of the Berlusconi's September platform would be. FOUR-POINT PROGRAMME However Italian media speculated they would be centered around reform of the justice system, taxes, devolution of power to regions and an economic program for Italy's poorer south. When Fini formed his new faction, called Future and Freedom for Italy, he said it would "loyally support the government every time it acts within the framework of the electoral program" but against it when it does not. Cicchitto's words appeared to be a warning to Fini that Berlusconi would hold him to that promise. If Berlusconi calls a confidence vote and loses it, which commentators say is likely given the tension between the prime minister and the house speaker, he would have to resign. If a government resigns and Italy's president fails to find someone who can form another one, he would be forced to dissolve parliament and call early elections -- usually held about two months later. Berlusconi and his main coalition ally, the Northern League, say they would oppose the appointment of an interim government made up of so-called "technicians" such as bankers, businessmen and academics and push for snap elections in the autumn. The political turmoil comes at a time when financial markets are watching to see whether the government will be strong enough to implement a 25-billion euro ($33-billion) austerity package approved in parliament last week to rein in the deficit. Economy Minister Giulio Tremonti sounded a note of reassurance about the impact of the ruckus on Italy's finances on Wednesday. "The political crisis, if it happens, will not have an impact on Italy's public accounts," he told Reuters. He also ruled out the need for more budget measures in the autumn. (Additional reporting by Giuseppe Fonte and Roberto Landucci; Editing by Angus MacSwan) World Italy     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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