DEVELOPING: rumours Fly That Berlusconi Is Resigning, But Now He's Denying Them

silvio berlusconi

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ORIGINAL POST: Grain, salt, etc…There are fresh rumours that Silvio Berlusconi is going to resign from his post as PM of Italy.

Reuters’ Milan Correspondent Lisa Jucca notes that Franco Bechis, the deputy editor of the Italian newspaper Libero is reporting that he will resign.

So that’s the extent of what he knows.

This week he is expected to face a tight confidence vote.

In the meantime, you have Italian bond yields surging.

UPDATE: Now apparently Italian newspaper Foglio is saying he could resign “within hours.” This is according to Bloomberg.

UPDATE II: Italian markets are surging. FTSE MIB up 3%.

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Update III: And now he’s reportedly denying the rumours, according to Reuters. Markets are losing their gains.

It seems, perhaps, he changed his mind after talking with family.

The market rally has lost team.

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Update IV: Just in case you want more confirmation, Berlusconi just denied all those resignation rumours on Facebook. Now it’s official.

WATCH BELOW: With Everyone In Europe Seemingly Fed Up With Berlusconi, How Would Italy’s Imminent Crisis Develop?

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