London: Former Italian prime minister Silvio Berlusconi had 16 million pounds (about $25 million) in cash delivered to his luxury villa to pay girls at his bunga bunga parties, 'The Sun' reported. The staggering stash was revealed during the trial of the 75-year-old politician who refuses to admit to have paid for having sex with a minor. Dozens of women received money, cars and jewels for attending the bashes and...
10:58 AM, May 27, 2012
Milan: Actor George Clooney and Real Madrid striker Cristiano Ronaldo are among potential witnesses in the trial of former Italian prime minister Silvio Berlusconi, accused of paying for sex with a minor and holding sex parties dubbed 'bunga bunga'. Berlusconi, 75, is also accused of using his political office to cover it up. A court in Milan Wednesday announced that the American actor and the Portuguese footballer are among potential...
11:59 AM, Nov 24, 2011
Paris: The leaders of France and Germany will voice their support for new Italian Prime Minister Mario Monti at a tripartite meeting on Thursday, seeking to stem the risk of the debt crisis gripping the heart of the euro zone. The talks hosted by French President Nicolas Sarkozy in the eastern city of Strasbourg are due to discuss the reforms planned by former EU commissioner Monti to restore confidence in...
08:48 AM, Nov 24, 2011
Rome: Italian Prime Minister Mario Monti's Cabinet won a second confidence vote in parliament on Friday to secure its right to tackle the country's deepening financial crisis. Lawmakers in the lower house voted 556-61 for Monti's government, which includes no professional politicians. On Thursday, in the upper house of parliament, the Senate had backed the new cabinet with a solid majority of 281 votes in favour and 25 in opposition....
07:51 AM, Nov 19, 2011
Rome: Italy's premier-designate Mario Monti began talks on Monday to create a new government of non-political experts tasked with overhauling an ailing economy and keeping market fears over the country from threatening the existence of the euro. Investors initially cheered Monti's appointment, following quickly on Silvio Berlusconi's weekend resignation, though concern lingered about the sheer amount of work his new government will have to do to restore faith in the...
12:57 AM, Nov 15, 2011
Rome: Italy's head of state began talks on Sunday to appoint an emergency government to succeed outgoing Prime Minister Silvio Berlusconi and handle a crisis that has brought the euro zone's third largest economy to the brink of financial disaster. Just a few hours after central Rome was still echoing with street festivities over Berlusconi's departure, President Giorgio Napolitano met with the leaders of two houses of parliament. The consultations...
04:46 PM, Nov 13, 2011
Rome: Italian Premier Silvio Berlusconi has resigned after parliament's lower chamber passed European-demanded reforms, ending a 17-year political era and setting in motion a transition aimed at bringing the country back from the brink of economic crisis. A chorus of Handel's "Alleluia," performed by a few dozen singers and classical musicians, rang out in front of the president's palace as thousands of Italians poured into downtown Rome to rejoice at...
07:37 AM, Nov 13, 2011
Rome: Italian lawmakers on Saturday gave their approval to austerity measures demanded by the European Union (EU), paving the way for the resignation of Italian Prime Minister Silvio Berlusconi and the formation of a new government. Italy's lower house of parliament passed the measures, a day after the Italian Senate approved the package aimed to stave off bankruptcy, Xinhua reported. Italy's state debt stands at about 1.9 trillion euros ($2.6...
12:19 AM, Nov 13, 2011
Rome: Italy's Senate approved economic reforms intended to reverse a collapse of market confidence on Friday, kicking off a rapid transition that will end the Berlusconi era and clear the way for an emergency government within days. The package of austerity measures demanded by the European Union goes to the lower house which is expected to approve it on Saturday, triggering the resignation of Prime Minister Silvio Berlusconi and ending...
12:25 AM, Nov 12, 2011
Rome: Italy's Senate was set to vote on Friday for austerity measures demanded by the European Union to avert a euro zone meltdown and a new emergency government is expected within days, ending the Berlusconi era. The upper house is due to begin debating at 0930 GMT on the package with the result due later in the day and the law is seen passing easily, having been approved by the...
07:16 AM, Nov 11, 2011
Athens: Europe's financial crisis eased on Thursday as Greece installed a respected economist to replace its prime minister and Italy appeared poised to do the same - both hoping that monetary experts can do better than the politicians who drove their nations so deeply into debt. The announcement in Athens coupled with the prospect that volatile Italian Prime Minister Silvio Berlusconi will be ushered out soon - quieted market fears,...
04:49 AM, Nov 11, 2011
Rome: Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone. European Commission President Jose Manuel Barroso issued a stern warning of the dangers of splitting the zone, rocked by an escalating debt crisis. EU sources told Reuters French and German officials had held discussions on...
10:32 AM, Nov 10, 2011
Rome: Italian President Giorgio Napolitano said on Wednesday he had nominated former European Commissioner Mario Monti as a senator for life, a position awarded to distinguished Italians for their contributions to the country. Monti, an experienced economist who is currently the president of Milan's Bocconi university, has been mentioned in Italian media among possible candidates to succeed Prime Minister Silvio Berlusconi when he steps down. He would be seen as...
06:30 AM, Nov 10, 2011
Rome: Italian Premier Silvio Berlusconi on Wednesday confirmed he won't run again for office and said his hand-picked successor Angelino Alfano will be his party's candidate when Italy holds new elections. Berlusconi on Tuesday promised to resign after a routine vote in parliament showed he no longer had a majority. He said he would step down once parliament passes economic reforms demanded by the European Union to prevent Italy from...
04:04 PM, Nov 09, 2011
After Greece PM, Berlusconi became the second victim, after he lost majority in parliament over the financial crisis. ...
08:57 AM, Nov 09, 2011
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