Berlusconi rules out early elections
Source: Agencies |
August 7, 2011, Sunday
|
Print Edition
Print Edition
ITALIAN Prime Minister Silvio Berlusconi yesterday ruled out calling early elections to stem market panic that has hit Italian assets and forced his government to bring forward austerity measures.
Berlusconi's conservative government has been weakened by infighting, and the leftist opposition has called for a government of technocrats to restore credibility in the country's finances. Italy is due to go to the polls in 2013.
But Berlusconi dismissed suggestions of emulating Spain, where Prime Minister Jose Luis Rodriguez Zapatero has called an early election to tackle the crisis. "This has absolutely not been talked about," Berlusconi said.
Fears over the eurozone debt crisis sent Italian bond yields to 14-year highs and the Milan bourse to more than two-year lows this week.
On Friday, Berlusconi promised to bring forward austerity measures and balance the budget by 2013.
Berlusconi's conservative government has been weakened by infighting, and the leftist opposition has called for a government of technocrats to restore credibility in the country's finances. Italy is due to go to the polls in 2013.
But Berlusconi dismissed suggestions of emulating Spain, where Prime Minister Jose Luis Rodriguez Zapatero has called an early election to tackle the crisis. "This has absolutely not been talked about," Berlusconi said.
Fears over the eurozone debt crisis sent Italian bond yields to 14-year highs and the Milan bourse to more than two-year lows this week.
On Friday, Berlusconi promised to bring forward austerity measures and balance the budget by 2013.
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