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Friday, 7 December 2012 - Berlusconi party says will not push Italy into chaos |
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      Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. 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See the best of Reuters photography.  See more | Photo caption  Fishing for shark fin The Ocean Sunset hunts sharks as well as other fish for their meat and fins off the cost of Canada.  Slideshow  Pregnant princess Princess Kate, Duchess of Cambridge, leaves the hospital.   Slideshow  Sponsored Links Berlusconi party says will not push Italy into chaos Tweet Share this Email Print Related News Monti government at risk after Berlusconi withdraws support Thu, Dec 6 2012 Berlusconi's party denies tried to bring down Monti Thu, Dec 6 2012 Italy's Monti waiting to hear President's view on political crisis Thu, Dec 6 2012 Italy finmin Grilli says reforms will go on despite tensions Thu, Dec 6 2012 Italy government wins confidence vote, Berlusconi party abstains Thu, Dec 6 2012 Analysis & Opinion Goldman, Moody’s bring some cheer; can the govt build on it? Do we need more reasons to adjourn parliament? Related Topics World » Italy » 1 of 2. Italy's former Prime Minister Silvio Berlusconi gestures as he speaks during a news conference at Villa Gernetto in Gerno near Milan October 27, 2012. Credit: Reuters/Alessandro Garofalo By Paolo Biondi ROME | Fri Dec 7, 2012 8:56am EST ROME (Reuters) - The secretary of Silvio Berlusconi's People of Freedom party said on Friday it was time that Italian Prime Minister Mario Monti's term in office came to an end but that his party would not trigger a disorderly crisis. People of Freedom (PDL) secretary Angelino Alfano told parliament that the party's withdrawal of support from Monti in two confidence votes on Thursday had shown its disapproval without creating turmoil by bringing down the government. "Yesterday we did not give a vote of no confidence because we consider the experience of the Monti government has come to an end but we don't want to send the institutions and the country into chaos," Alfano said. After several weeks of relative calm, which saw Rome's borrowing costs come down steadily, financial markets have once again been ruffled by Italy's political troubles. The spread or difference between yields on Italian 10-year bonds and German counterparts that are considered less risky widened to 326 basis points on Friday, having dipped below 300 points earlier in the week. Alfano met President Giorgio Napolitano earlier on Friday to discuss the crisis but he made no direct comment on the substance of the discussion. Napolitano, who is responsible for calling an election which must take place no later than April, said on Thursday that he did not intend to allow Monti's term to end in chaos and would ensure the stability of Italy's institutions. Former PDL minister Altero Matteoli said party officials were now talking about a possible election date on March 10 but there was no official confirmation. In a sign that tensions had calmed after a dramatic day in parliament on Thursday, Monti left Rome for Milan where he is due to attend an opera later on Friday. He is due to attend a performance of Richard Wagner's Lohengrin at La Scala but would not have left Rome if the crisis facing the government were expected to worsen significantly before the weekend, officials said. The abstention in parliament by the PDL opened a crisis a few months before elections due early next year and the party is now expected to campaign openly against the austerity policies followed by Monti to control Italy's huge public debt. Berlusconi is expected to lead the party in next year's election campaign on a platform attacking Monti's austerity policies after he accused the former European Commissioner on Wednesday of dragging Italy "to the brink of a precipice". Two opinion polls published on Friday showed that the centre-left Democratic Party had increased its lead over political rivals. (Writing by James Mackenzie; Editing by Stephen Powell) World Italy Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   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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