Photo: AP/Antonio Calanni
Italian Finance Minister Giulio Tremonti threatened PM Silvio Berlusconi today that, if the PM doesn’t resign, there will be a steep price to pay.Via the Financial Times:
“I am saying that on Monday there will be a disaster on the markets if you, Silvio, stay at your post and do not go. Because the problem for Europe and the markets, correct or not as it may be, is in fact you.”
The relationship between Tremonti and Berlusconi has long been testy, but this appears to be a serious escalation of the tension between them.
Berlusconi is rapidly losing political clout as his coalition majority vanishes. A squabble with IMF chief Christine Lagarde isn’t helping matters, either.