Sylvio Berlusconi is no stranger to being a catalyst for European crisis: in November 2011 it was his unwillingness to leave the PM post (and be replaced with a Goldman technocrat), that precipitated a bond crisis accented by the ECB's unwillingness to interject and buy Italian bonds until the career politician had left. Tomorrow, an Italian Senate committee is due to begin hearing arguments on whether to eject ex-PM Berlusconi from Parliament and on.
The European budget debate stepped up a notch today as Italy, Spain Warned on Budget. After Italy rebuffed warnings about its budget, euro-area finance ministers late Friday agreed to give the country additional opportunities to show it can make savings and bolster revenue.
A provision of the Conservatives’ new Fair Elections Act that would stop “vouching” for voters without ID may be unconstitutional, critics said on Sunday, raising more questions about the contentious bill as it heads to committee for review this week.
If the act passes unamended, voters without valid identification would no longer be able to get someone they know to swear to their identity, potentially disenfranchising thousands.