Italy’s main political forces yesterday committed to keeping an uneasy coalition in place for the sake of the recession-hit country despite a landmark court ruling against former Italian prime minister Silvio Berlusconi.
There was a cautious reaction on financial markets, with the main stock index in Milan inching down 0.37 percent, while shares in Berlusconi’s Mediaset business empire plunged by 2.43 percent.
“Government in danger,” newspaper Il Messaggero said, while Il Fatto Quotidiano said the alliance between Berlusconi’s center-right and Italian Prime Minister Enrico Letta’s center-left was now “a dead man walking.”
Photo: Reuters
However, reactions from Berlusconi lawmakers were more measured, despite protesting what they called an unjust ruling that bars the billionaire tycoon from being a candidate in elections for the next six years after being convicted of tax fraud.
“Silvio Berlusconi’s legal woes will not be a problem for the government,” said Mara Carfagna, a leading member of Berlusconi’s People of Freedom party.
“This anger we all feel must not boil over,” she said.
The greater uncertainty is whether Letta will manage to contain growing discontent within his own Democratic Party about governing together with a coalition led by a confirmed tax fraudster.
Some leftists have called for the 76-year-old Berlusconi to be expelled from his seat in the Senate as soon as possible in line with new rules, although this would aggravate tensions in the coalition.
Alfonso Stile, a law professor at Rome’s Sapienza university, said the procedure to exclude Berlusconi from parliament was in any case “long and tortuous.”
Italy’s top court on Thursday handed Berlusconi his first definitive conviction in a 20-year political career dogged by legal woes and sex scandals.
The court ordered the three-time prime minister to do a year of community service or be placed under house arrest — a sentence due to be enacted in October.
An embittered and visibly shaken Berlusconi delivered a video message on Italian television late on Thursday in which he dismissed the sentence as baseless and vowed to continue his political career.
Berlusconi’s sentence is still to be determined exactly, but his passport will be taken away, he will need court permission for various political activities and even his knighthood could be withdrawn.
Letta on Thursday called for calm “for the good of the country” as he struggles to lead the eurozone’s third-largest economy out of its worst post-war recession and a devastating unemployment crisis.
The current government was installed following a two-month deadlock between Berlusconi and the Democratic Party after close-run February elections.
The case against Berlusconi revolved around the purchase of film distribution rights by Mediaset — the platform for his first entry into politics.
Berlusconi is still appealing convictions in other cases for having sex with an underage prostitute, abusing his prime ministerial powers and leaking a police wiretap to damage a political rival.
Prosecutors have also filed charges alleging that he bribed a senator to join his ranks in a move that helped bring down a previous government in 2008.
All other fraud and bribery charges against him over the years have either been overturned on appeal or have expired under the statute of limitations thanks to Italy’s slow-moving justice system.
CSBC Corp, Taiwan (台灣國際造船) yesterday released the first video documenting the submerged sea trials of Taiwan’s indigenous defense submarine prototype, the Hai Kun (海鯤), or Narwhal, showing underwater navigation and the launch of countermeasures. The footage shows the vessel’s first dive, steering and control system tests, and the raising and lowering of the periscope and antenna masts. It offered a rare look at the progress in the submarine’s sea acceptance tests. The Hai Kun carried out its first shallow-water diving trial late last month and has since completed four submerged tests, CSBC said. The newly released video compiles images recorded from Jan. 29 to
DETERRENCE EFFORTS: Washington and partners hope demonstrations of force would convince Beijing that military action against Taiwan would carry high costs The US is considering using HMAS Stirling in Western Australia as a forward base to strengthen its naval posture in a potential conflict with China, particularly over Taiwan, the Wall Street Journal reported on Saturday. As part of its Indo-Pacific strategy, Washington plans to deploy up to four nuclear-powered submarines at Stirling starting in 2027, providing a base near potential hot spots such as Taiwan and the South China Sea. The move also aims to enhance military integration with Pacific allies under the Australia-UK-US trilateral security partnership, the report said. Currently, US submarines operate from Guam, but the island could
RESTRAINTS: Should China’s actions pose any threat to Taiwan’s security, economic or social systems, China would be excluded from major financial institutions, the bill says The US House of Representatives on Monday passed the PROTECT Taiwan Act, which states that Washington would exclude China from participating in major global financial organizations if its actions directly threaten Taiwan’s security. The bill, proposed by Republican Representative Frank Lucas, passed with 395 votes in favor and two against. It stipulates that if China’s actions pose any threat to Taiwan’s security, economic or social systems, the US would, “to the maximum extent practicable,” exclude Beijing from international financial institutions, including the G20, the Bank for International Settlements and the Financial Stability Board. The bill makes it clear that China must be prepared
The partisan standoff over President William Lai’s (賴清德) proposed defense budget has raised questions about the nation’s ability to adequately fund its own defense, the US Congressional Research Service (CRS) said in a report released on Tuesday. The report, titled Taiwan: Defense and Military Issues, said the government has increased its defense budget at an average annual rate of 5 percent from 2019 to 2023, with about 2.5 percent of its GDP spent on defense in 2024. Lai in November last year proposed a special budget of about US$40 billion over eight years, and said he intends to increase defense spending to