A Quick Look At What's About To Go Down In Italy

silvio berlusconi

Photo: AP Images

A vote in Italy on a 2010 budget report today will be crucial for PM Silvio Berlusconi. That’s at 9:30 AM ET today.But don’t start saying your goodbyes to Berlusconi yet—the vote alone is unlikely to force him out.

That’s because many MPs from the centre-left opposition are actually preparing to abstain, Reuters reports. Instead, the opposition plans to file another no-confidence motion that would determine Berlusconi’s fate.

Nevertheless, today’s vote is incredibly important. Berlusconi’s support in today’s poll is expected to demonstrate whether or not he has lost his fragile majority in the lower house of parliament. He had been a close ally of Berlusconi.

Should he lose unexpectedly, according to that report, he could decide to resign on his own or be asked by Italian President Giorgio Napolitano.

The vote comes amid widespread clamoring for Berlusconi to resign. The influential Umberto Bossi—leader of the Northern League—caused a stir today when he called upon the prime minister to resign.

rumours of Berlusconi’s resignation have been swirling recently, and markets have responded positively to the prospect of a Berlusconi ouster.

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