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Berlusconi conviction leaves Italian government hanging

By the Italian Supreme Court ruling, adhere to tax fraud conviction former Prime Minister Silvio Berlusconi's center-right leaders have left the country's fragile ruling coalition's fate resting on the balance.
After just three months, the center-left Prime Minister Enrico Letta appointed head of a restless and Berlusconi's People Liberal Party (PDL), the Italian union, the euro zone's third largest economy, once again plunged into uncertainty.
The 76-year-old billionaire react angrily rejected the final appeal against his conviction, the Supreme Court's decision to protest his innocence and accused the referee, he was 20 years since he entered the political persecution.
Ruling, confirmed in his broadcast empire Med iaset inflated invoice fraud involving a sentence, is the first definitive sentence, he received from the tax to the allegations of sexual crimes trials after dozens of previously.
"No one can understand the real violence has been directed at me," he said after the verdict, in a video message broadcast on Italian television. "A real aggression, there is no equal," he said.
Berlusconi is unlikely to have to at any time in prison because of his age, and the Supreme Court ordered the prohibition of political office, as part of the original sentence to be reviewed. But the ruling has been an unprecedented blow to the person who has dominated Italian politics two decades.
"His faith is the same as the Berlin Wall's fall in 1989, crowed:" BEPPE Grillo, anti-establishment movement of the 5-star leader and fierce criticism Berlusconi.
Berlusconi said he would continue his political activities under the "Forza Italia" (Go Italy!)'s Name, his first party and correspondent for the reform of the judicial system, but he did not refer directly to the future of Recoleta Union .
Senior allies and bitter, but said the ruling will not play Leta between Berlusconi center-left Democratic Party and the People of Freedom Alliance.
"This sentence will not affect Leta government, which is to serve the country, will continue to serve, as long as we are concerned," Nitto Palma, former Minister of Justice, said after the meeting in Rome, Berlusconi's residence.
Note
Millions of Italy's sacrosanct August summer vacation, Congress ready to enter the recess, there is little hope that the Government immediately crisis could trigger early elections.
But may in the coming months to remain entirely clear, Leta struggling to contain the growing alliance with the scandal-ridden Berlusconi in his own Democratic Party discontent.
People will have to decide whether to hold new elections, if the ruling coalition fell apart, President Giorgio Napolitano called for calm and said the country needs "peace and cohesion." His remarks echoed Leta.
"A good country, it is necessary, in spite of legitimate political debate between the internal forces, calm atmosphere and support of our organization to ensure that political party interests above the interests of Italy," he said in a statement.
But the ruling Leta another obstacle, as he struggles led to Italy's longest postwar recession, reform its stagnant economy and cut its mountain of public debt. More challenges lie ahead.
And tax fraud case, Berlusconi is also fighting a separate conviction paying for sex with minors, in the infamous "bunga bunga" prostitution case, tarnished his office in the last months of 2011.
If necessary, promising to support the ECB, investors paid little attention so far, the main barometer of market sentiment, the spread between Italian 10 - year bonds and safer German equivalent to 270 points on Thursday, far lower than the previous level crises.
This may change if the long-term political instability of fuel on Italy's public finances extremely tense doubts and established a kind of pressure, bringing the eurozone crisis peaked two years ago, Berlusconi's previous government.
 



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