Italian Parliament Still Confident Of Berlusconi

October 22 00:00 2011

New York, October, 22 (Financeenquiry.com) – The Italian President Silvio Berlusconi has survived a vote of confidence by 316 votes for him and 305 votes against him. He may have just narrowly escaped what could have been the end of an 18 year long reign over Italian politics by the billionaire.

The crisis of confidence comes on the back of the European induced debt crisis and Silvio Berlusconi’s handling of it. The average Italian is not happy with the policies proposed by the Italian government.

The sovereign debt crisis in Europe has lead to a lot of political turmoil all across Europe. Governments have been changed in countries like Slovakia wherein early elections have been held in Spain. Going into the confidence motion, people were very wary that Silvio Berlusconi will most probably be the next casualty of the lingering crisis. Berlusconi’s policy of cutting the government spending which may include the need to eliminate jobs as well as making changes to the pension system, have enraged the population.

Experts say that Berlusconi may be on the verge of losing power any day. His government is being held together by fear of change and inertia rather than his leadership.

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