Berlusconi offers to resign

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Premier Berlusconi proposed his resignation after Italian government approves requirements received from European counterparties said President Giorgio Napolitano. PM agreed to step down after he lost majority in routine budget vote getting 308 votes of 630.Parliament has to come up with final version of proposed budget cuts. The vote on austerity measures is expected to take place next week.

 

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Wed, 09 Nov 2011 09:22:21 GMT

Obama lacks consistency describing recession

According to Nigel Gault,  IHS Global Insight economist, President Obama is inconsistent in his statements regarding recession timing. In some of his speeches he refers to US post-recession situation while in others Obama mentions current existing recession in present tense. Nigel Gault suggests such inconsistencies rise doubts in voters whether economy have recovered and does Obama deserve to be re-elected.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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