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Italian government breaks up after Berlusconi pulls out ministers
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Sep 28, 2013 08:17pm |
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| Category | News |
| Author | Catherine Hornby and Antonella Cinelli |
| Media | News Service - Reuters |
| News Date | Sunday, September 29, 2013 02:00:00 AM UTC0:0 |
| Description | Italian center-right leader Silvio Berlusconi pulled his ministers out of the cabinet on Saturday, effectively bringing down the government of Prime Minister Enrico Letta and leaving the euro-zone's third-largest economy in chaos.
Talks will now start to find a parliamentary majority to back a new cabinet and avoid going back to an election just seven months after the last one.
The relentless political jockeying that has defined Letta's five-month tenure has already thwarted efforts to push through important reforms Italy needs to emerge from a two-year recession, a decade-long economic lethargy, a 2-trillion-euro public debt and youth unemployment of around 40 percent.
The resignations will delay those reforms even further.
"So many measures we were working on now risk being set back," Italian Labour Minister Enrico Giovannini told Rai state television. "On Monday our borrowing costs are going to rise by many points."
Berlusconi's move comes a day after Letta challenged the center-right party to support him in a confidence vote in parliament. |
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