Italy outgrows Berlusconi

The Italian right-wing has shown they are finally prepared to act independently of the three-times former prime minister.

While the US government shut down this week, there was another political farce in Europe. Last weekend, centre-right leader and three-times former prime minister Silvio Berlusconi ordered his ministers to quit the left-right coalition run by prime minister Enrico Letta, ostensibly over an increase in the consumption tax.

In truth, however, Berlusconi was attempting to pre-empt a vote to oust him from parliament after his conviction for tax fraud.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.