Italian Prime Minister Silvio Berlusconi, the seemingly untouchable media magnate who has brushed off countless scandals and challenges to his rule, said he would resign Tuesday after losing a governing majority in Parliament. Earlier Tuesday he passed a crucial budget vote, but failed to muster a majority on the measure. Meanwhile the $2.6 trillion Italian bond market moved toward unsustainable levels, with yields on benchmark 10-years surging past 6.7%.
“If I must die, I’ll do it in the House,” said a defiant Berlusconi on Tuesday, vowing to meet his “traitors” in Parliament. Hours later, he passed the key budget measure with 308 votes, seven short of a majority, as 321 lawmakers abstained. Berlusconi’s failure to marshal a 316-vote working majority on the budget measure suggested he would fail to pass a confidence vote, leading to calls for his resignation. Italian bond yields surged, and U.S. equity markets plunged deeper into negative territory.
Berlusconi later told President Giorgio Napolitano that he would resign after Parliament passes an austerity bill package and structural reforms. http://www.forbes.com/sites/afontevecchia/2011/11/08/italys-berlusconi-will-resign-after-passing-austerity-bill/
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[1] “The Cult of the Dead Fish: Emilio Eduardo Massera dies.” .
[2] “Tangentopoli: .
[3] “Banco Ambrosiano.” .
[4] ^ The Roman Curia – http://www.vatican.va/roman_curia/
Extract from Trapped in a Masonic World.
To understand the world of Freemasonry, you too have to understand how many things work in Italy, the home of the Illuminati’s Black Nobility of families. During those years when the P2 lodge was headed by Licio Gelli, it was implicated in numerous Italian crimes and mysteries, including the nationwide bribe scandal Tangentopoli, the collapse of the Vatican-affiliated Banco Ambrosiano, and the murders of journalist Mino Pecorelli and banker Roberto Calvi. Carmine Pecorelli [1928-1979] known as “Mino”, was an Italian “maverick journalist”, shot dead four times in his car in Rome a year after former Prime Minister Aldo Moro’s 1978 kidnapping and subsequent killing. According to Pecorelli, Moros kidnapping had been organised by a “lucid superpower”. Pecorelli’s name was on Licio Gelli’s list of Propaganda Due Masonic members, discovered in 1980 by the Italian police. P2 was sometimes referred to as a “state within a state” or a “shadow government”, whom among its members were prominent journalists, parliamentarians, industrialists, and military leaders – including the then-future Prime Minister Silvio Berlusconi; the House of Savoy pretender to the Italian throne Victor Emmanuel; and the heads of all three Italian intelligence services. [1]
Tangentopoli is Italian for Bribe city/bribesville and was the name used to indicate the corruption-based system in politics that had its heyday in Italy in the 1980’s and early 1990’s until the “Mani pulite” [Italian for clean hands] a Italian judicial investigation into political corruption delivered it a knockout blow in 1992.
The Mani pulite investigations were against widespread corruption and bribery in Italian administrative, political, and business circles, included the examination of the links between the Mafia and over 400 members of parliament, as well as the bringing of charges against 160 individuals about payment of bribes to the state owned electricity company, ENEL, in May 1995. On the 30th October 1993 the President of the electronic conglomerate Olivetti, Carlo de Benedetti, was imprisoned after admitting the payment of 11 billion lire [$7 million] to political parties in return for state contracts. A host of government ministers from the 1980s were convicted of accepting illegal payments either for themselves or their political parties, the most prominent being ex-Prime Minister Bettino Craxi, who was sentenced in 1994 [in absentia] to eight and a half and five and a half years imprisonment on two accounts of corruption, with over 40 charges then still pending, as he died in 2000. [2]
Furthermore, Paolo Berlusconi, the brother of Prime Minister Berlusconi who had been elected on a promise to fight corruption, was sentenced on the 22nd December 1994, to seven months imprisonment on charges of bribery as manager of his brother’s holding company; Fininvest. Connected with these efforts to purge the Italian establishment, intensified efforts were made part of the campaign against the Mafia, when in 1993 around 22,000 people were under investigation for links with the organisation. On the 27th August 1994 one of the most sought-after Mafiosi, Lorenzo Tinnirello, was arrested and charged with 119 murders. In addition, there were investigations against a number of prominent politicians, such as the former Minister of Defence, Salvo Ando, and the former chairman of the Sicilian Christian Democrats, Calogero Mannino.
The most prominent case revolved around ex-Prime Minister Giulio Andreotti, who was accused of being a member and protector of the Mafia for fourteen years. The charges against Andreotti, who more than any other politician represented the political system during the late 1970s and 1980s, epitomised the moral bankruptcy of the established parties and directly contributed to their collapse in 1993-4. At the s
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