Berlusconi verdict raises political tensions in Italy
ROME, August 2 – A final judgment against former leader Silvio Berlusconi raised political tensions in Italy on Friday but left a fragile coalition in place for now amid a muted reaction on the financial markets. Although Berlusconi loyalists had threatened mass resignations if the ruling went against him, they have been more cautious following the verdict. The Milan stock market opened 0.14 percent higher and the difference between Italian and German 10 year sovereign bonds a key measure of investor risk narrowed to 266 points from 269 points on Thursday.
The country’s highest court on Thursday handed the billionaire tycoon his first definitive conviction in a 20 year political career that has been dogged by legal woes and sex scandals.... Read the full, comprehensive news article and discuss at CapitalFM