10/1/2013

As many as 20 members of former Italian Prime Minister Silvio Berlusconi's People of Freedom Party are reportedly threatening to leave the party rather than go along with his campaign to bring down the ruling coalition government that Prime Minister Enrico Letta leads. Letta has a strong majority in the lower house of parliament but needs the votes of Berlusconi's party to control the Senate. Fitch Ratings said a lengthy period of uncertainty over Italy's fiscal and economic policies could lead to a credit downgrade for sovereign debt.

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