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28 Nov 2013
Flash: Berlusconi finally expelled – BBH
FXstreet.com (London) - A research team at BBH noted that Berlusconi was finally expelled from the Italian Senate in another piece of good news for the Letta’s government.
Key Quotes:
“The move was mostly expected, but as it is often the case in Italian politics, there was plenty of room for surprises”.
“In the end, Berlusconi’s eviction did not prove nearly as disruptive as it had appeared to be a few months ago”.
“After surviving a vote of confidence over the 2014 budget yesterday, the path seems clear for the government to establish a period of stability, at least for the near term”.
“The MIB is outperforming on the day, up nearly 1.0%, just 1.8% from making new highs for the cycle”.
Key Quotes:
“The move was mostly expected, but as it is often the case in Italian politics, there was plenty of room for surprises”.
“In the end, Berlusconi’s eviction did not prove nearly as disruptive as it had appeared to be a few months ago”.
“After surviving a vote of confidence over the 2014 budget yesterday, the path seems clear for the government to establish a period of stability, at least for the near term”.
“The MIB is outperforming on the day, up nearly 1.0%, just 1.8% from making new highs for the cycle”.