Italian PM Berlusconi to test his majority

© Scanpix/Reuters

On Tuesday afternoon the Italian parliament will vote on a budget plan of 2010. This routine vote will show whether Berlusconi still has majority in government. It is the first vote since 3 premier's affiliates entered opposition party and six his alliances required Berlusconi to resign. According to Peter Schaffri, RBC Capital Markets, strategist, market favours Berlusconi resignation, reflecting it in Italian bond price fluctuations when any news is delivered.