19 Jul 2013
Flash: Italian politics make headlines – Deutsche Bank
FXstreet.com (New York) - The spotlight returns to Italian politics today with a no-confidence motion against Interior Minister Angelino Alfano, and PM Letta’s coalition partner, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Italian political turmoil averted?
“The motion was brought by opposition parties who demanded that Alfano resign over the rushed deportation of the family of a dissident Kazakh oligarch in May. The latest on this is that the center-left Democratic Party has agreed to back its center-right coalition partner in today’s vote.”
According to the Analysts, “The decision has eased fears of a split in the PD after a group of center-left senators pushed for the party to join the opposition in voting against Alfano. Meanwhile, it’s been reported that the Italian government will organize a roadshow soon to outline plans to sell public assets and strategy to attack debt.”
Italian political turmoil averted?
“The motion was brought by opposition parties who demanded that Alfano resign over the rushed deportation of the family of a dissident Kazakh oligarch in May. The latest on this is that the center-left Democratic Party has agreed to back its center-right coalition partner in today’s vote.”
According to the Analysts, “The decision has eased fears of a split in the PD after a group of center-left senators pushed for the party to join the opposition in voting against Alfano. Meanwhile, it’s been reported that the Italian government will organize a roadshow soon to outline plans to sell public assets and strategy to attack debt.”