The Daily Bell – Italian Voters Reject Austerity, Too – 10 May 2012

Italians reject Monti’s austerity in local vote … A maverick comic who wants Italy to quit the euro made big gains in local elections on Monday while former Prime Minister Silvio Berlusconi‘s party lost heavily as voters joined a wave of anti-austerity anger across Europe and punished incumbent parties. The results, following the victory of French Socialist Francois Hollande and major losses for traditional big parties in Greece on Sunday, will add to pressure for European leaders to ease measures adopted to counter the financial crisis. Prime Minister Mario Monti was not in the race but for the two main parties that support his technocrat government in parliament, the centre-right People of Freedom (PDL) and the centre-left Democratic Party (PD), the vote was the biggest barometer of support ahead of national elections next year. The 5 Star Movement led by Beppe Grillo, a shaggy-haired comedian whose caustic invective against the established parties has gained increasing resonance in the wake of a spate of corruption scandals, made some spectacular advances. – Reuters

(Read the whole story at http://www.thedailybell.com link to original article)

Advertisements

Comments are closed.