News: 1525 italian markets very quiet now - next steps
(Categoria: equities EU)
Inviato da Antonio Lengua
lun 07 novembre 2011 - 15:26:22
italian markets very quiet now, after berlusconi denied this resignation.
After an initial sell off when he denied, italian assets, the itlian stock exchange FTmib and BTPs, have recovered some of the losses.
There are no more rumors after those of this morning, who were betting on Berl resignations today or tomorrow.
So the afternoon looks to stay quiet...
Next steps :
Berlusconi should ask the confidence vote on the law which introduces the reforms he presented at the EU summit nov26 (maxi-emendamento on stability law). The confidence vote could be first voted at the Senate (where actual majority is stronger ) and, after that, at the lower house. The examination of this maxi emendamento will start wednesday at the senate.
At the lower house the situation is much more complex, since there many PDL (freedom party, Berl's party) deputies have decided to move away from him. That s why Berl wants to win a confidence vote first at the senate.
Tomorrow's vote for the General State Annual Report
this law, which was voted 1 month ago but didnt pass (he GOvt lost the majority on it) is estremely important since without it the functioning of the state is stopped. the pres of republic has asked the political forces not to put this law at risk , so tomorrow we expect this law to be approved. The oppositions want anyway to send a clear signal : they will very likely exit the lower house, so that the quotum will be reduced sharply. The law then will pass with the vote of the majority. The maojrity will then count its votes very easily : if it is below 316, it means that, even on this law, berlusconi has lost the majority.
So, tomorrow's vote will be a key issue not on the outcome (yen / no) which is by sure a Yes, but on the count of vote (> or < 316).
Questa news proviene da THE HAWK TRADER
( http://www.thehawktrader.com/news.php?extend.15153 )
(Categoria: equities EU)
Inviato da Antonio Lengua
lun 07 novembre 2011 - 15:26:22
italian markets very quiet now, after berlusconi denied this resignation.
After an initial sell off when he denied, italian assets, the itlian stock exchange FTmib and BTPs, have recovered some of the losses.
There are no more rumors after those of this morning, who were betting on Berl resignations today or tomorrow.
So the afternoon looks to stay quiet...
Next steps :
Berlusconi should ask the confidence vote on the law which introduces the reforms he presented at the EU summit nov26 (maxi-emendamento on stability law). The confidence vote could be first voted at the Senate (where actual majority is stronger ) and, after that, at the lower house. The examination of this maxi emendamento will start wednesday at the senate.
At the lower house the situation is much more complex, since there many PDL (freedom party, Berl's party) deputies have decided to move away from him. That s why Berl wants to win a confidence vote first at the senate.
Tomorrow's vote for the General State Annual Report
this law, which was voted 1 month ago but didnt pass (he GOvt lost the majority on it) is estremely important since without it the functioning of the state is stopped. the pres of republic has asked the political forces not to put this law at risk , so tomorrow we expect this law to be approved. The oppositions want anyway to send a clear signal : they will very likely exit the lower house, so that the quotum will be reduced sharply. The law then will pass with the vote of the majority. The maojrity will then count its votes very easily : if it is below 316, it means that, even on this law, berlusconi has lost the majority.
So, tomorrow's vote will be a key issue not on the outcome (yen / no) which is by sure a Yes, but on the count of vote (> or < 316).
Questa news proviene da THE HAWK TRADER
( http://www.thehawktrader.com/news.php?extend.15153 )