Latest La7 Senate projection: Berlusconi 31.7%, Bersani 30.2%
And Veneto: BERLUSCONI 35.5%, BERSANI 24.5%: IPR SAYS
All points toward a victory by Grillo, followed by Berlusconi…
Berlusconi on Euro :
Silvio Berlusconi: Italy could be forced to leave the euro
Grillo on Euro :
Euro Exit Can’t Be Taboo in Indebted Italy, Grillo Says
Italians should consider exiting the euro amid rising public debt and no signs of economic recovery, said Beppe Grillo, a comedian-turned-politician opposed to Prime Minister Mario Monti’s austerity measures.
BERLUSCONI MAY WIN MOST SENATE SEATS, IPR PROJECTIONS SHOW
ITALY CENTRE LEFT OFFICIAL SAYS SCENARIO FROM PROJECTIONS SO FAR SUGGEST WILL NEED TO VOTE AGAIN
Italy will vote again if the projections giving a hung parliament is confirmed, said today a senior center left, Stefano Fassina.
“The scenario that emerges from the projections we have so far suggests that there will be no stable government and that we will vote again,” said RAI Stefano Fassina, spokesman for the Party Democrats on economic issues. According to most projections, the center-right is leading the Senate, while the center-left dominate the Chamber of Deputies.
Rome, Italy — However things turn out in this crucial Italian election, this has been a HUGE day for Beppe Grillo, the populist comedian who built an anti-bank, anti-elite political movement basically via his blog.
Very bad news for the globalist statist banker oligarchy as it now appears that an Italian revote is virtually unavoidable:
- ITALY’S BERLUSCONI WOULD GET 138 SENATE SEATS, CISE SAYS
- ITALY’S GRILLO PARTY WOULD GET 54 SENATORS, CISE SAYS
- BERSANI AND MONTI BLOCS WOULD GET 121 SENATORS TOGETHER: CISE
Europe Ends Unch As “Italian Hope” Gains Evaporate
For a moment there it was all solved. Everything was in full bull mode (apart from the EURUSD). Then, the ‘buy first, ask questions later’ crowd saw the headlines and the covering began. Of course, bulls will point to the fact that stocks closed unchanged and not down and sovereign spreads ended unchanged and not wider but the truth is that the Italian stock market dropped 4% from pre-poll headlines, Italian and Spanish bonds cracked over 30bps wider and the EUR dropped 160 pips. Finding support at 5%, Spanish yields pushed higher and ended back above 360bps spread to Bunds. Europe’s VIX pushed back above 21.5% but it is EURJPY’s retracement of all the overnight gains that is probably hurting global risk the most for now…
Italy’s Former Savior Stares at Fourth Place
NIGHTMARE FEARS GROW THAT ITALY MAY BE ‘UNGOVERNABLE’ AS BERLUSCONI SURGES