Now that the U.S.’s economic recovery is a sure thing, thanks to the hard work our sage and wise leaders put in a couple of hours after allowing the country to fly off the fiscal cliff, weary eyes turn to the other side of the Atlantic, where the Germans and Italians look to elect similarly sage and wise representatives. Well, the Germans, anyway. Read more »
Silvio Berlusconi
A witness at the trial of Silvio Berlusconi has said strippers dressed as nuns performed for the former Italian prime minister at a party. Model Imane Fadil said she had been given 2,000 euros (£1,650; $2,614) by Mr Berlusconi the first time she attended a “bunga bunga” party…She alleges that the first night she went, she saw two young women in nun costumes stripping for the prime minister. One, she said, was Nicole Minetti, now a regional councillor for Berlusconi’s People of Freedom party in Milan. Ms Fadil claimed that Ms Minetti and the other woman dressed as a nun stayed the night at the villa, and that women who attended bunga bunga parties were paid more for sex. [BBC]
Italian Prime Minister Silvio Berlusconi has told President Giorgio Napolitano that he will resign after the new budget law currently making its way through parliament is approved, the head of state’s office said in a statement on Tuesday. The budget law is expected to be passed by the end of this month, but its passage might now be accelerated. Napolitano said Berlusconi was aware of the consequences of a vote in parliament on Tuesday in which his centre-right coalition failed to secure a majority in the lower house. It said he had noted the urgent necessity of seeing the new budget law approved in parliament. [Reuters]
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Europe
Vladimir Putin Tells Investment Forum Berlusconi Haters Wish They Could Slay Half The Hookers Bunga Bunga Does In A Weekend
By Bess Levin
Something you may have picked up about Italian premier Silvio Berlusconi is that he loves to get with prostitutes. Bonus points if they’re underage and no points if they’re unfuckable lard-arses, who are by definition an exception to his rule. Some people have taken issue with Sil’s penchant for sleeping with women 57 years his junior, with several suggesting that Italy’s economic woes can in part be attributed to the premier’s inability to focus on anything but his next fix. According to Vladimir Putin, such accusations are without merit and you want to know something else? Read more »
Not even her position as the world’s most powerful woman has prevented German Chancellor Angela Merkel from becoming the victim of playboy premier Silvio Berlusconi’s sexist language. The gaffe-prone tycoon has been overheard referring to the German leader as an “unfuckable lard-arse”, according to wiretaps reported by Italian newspapers. [Independent]
“I’m so transparent, so clean in everything I do. There’s nothing I could be reproached for. I don’t do anything that could be seen as a crime. People can say I f*** but that’s all they can say,” Berlusconi was quoted as saying. “I couldn’t give a f***. In a few months I’m going to go away and mind my own f****** business. I’m leaving this s*** country that makes me feel like puking,” he said, according to a report by Italian news agency ANSA. [AFP]
Italian Politicians Unhappy That Berlusconi Speech Did Not Break Into Bunga-Bunga Party On The Floor Of Parliament
By Matt Levine
With the Italian 10-year bond trading almost 400bps wide of German rates, stocks down 1.5%, and new doubts about the EU’s ability to respond to the spreading credit crisis, Silvio Berlusconi took to the floor of parliament to defend his country’s credit and was criticized for not keeping it lively enough:
Commenting on the speech, a strong critic of Mr Berlusconi within the government, who asked not to be identified, acknowledged it was “boring” but said the prime minister was right to point to the lack of confidence in the eurozone as the root cause of Italy’s current problems on the markets.
Because of course Berlusconi said that Italy has “solid economic fundamentals,” which should reassure everyone, and that the problem is market misinterpretation rather than budget or debt problems. But not everyone agrees that Italy’s crisis is all in the minds of short sellers and CDS buyers: Read more »


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