Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category

Italy Senate "Ungovernable"; No Coalition Possible

IMG Auteur
Published : February 26th, 2013
206 words - Reading time : less than a minute
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Italy
Category : Opinions and Analysis

La Republica confirms what we long thought highly likely: The Italian Senate is Ungovernable.

A Senate majority takes 158 seats and no party has more than 123 at the moment. The current results look like this:

Senate Seat Projections

  • Bersani 104
  • Berlusconi 123
  • Grillo 57
  • Monti 17

There are 315 total seats and the total above is only 301. Although 14 seats remain, not even a Monti-Bersani coalition in addition to those 14 seats would bring Bersani's total to 158.

Curiously, it appears Bersani received a plurality of the Senate popular vote with 32% compared to Berlusconi's 30.2%. Grillo weighs in with 23.9%, and Monti at 9.1%.

If 123-104 in favor of  Berlusconi over Bersani sounds strange, it is not unlike a presidential election in the US where one candidate wins the popular vote and another candidate wins the election based on  state-by-state electoral votes.

Chamber Comparison to US

In Italy, both houses of parliament share duties equally. In the US, financial bills originate in the House, and only the Senate has a say in approval of judges and cabinet-level positions.

"AC" writes ..."Most likely Italy will go back to vote within a couple of months, probably after changing the electoral law."

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com 
Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All
<< Previous article
Rate : Average :5 (1 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The ideal percentage allocation ...
30 Augssilver
The key should be to recognize that there are 200 million oz of gold and 1.5 billion oz of silver traded per day in London - it is an artifici...
Hidden $Trillion QE Monthly Volume
11:57sneezy67
Another good one by Dr. Jim Willie......Now the ass that all of a sudden down thumbed my previous comments can do likewise with this one...
ZIRP Leading to Economic Collaps...
30 Augssilver
Premia for retail silver bullion accelerating in N. America: http://www.zerohedge.com/news/2015-08-29/despite-being-pet-rock-pre...
Einstein, Physics, Gold and The ...
29 Augsonora69
Real value in gold! What will eventually happen to the precious metals market may perhaps be seen in this weeks movements in the oil market. I ...
‘Saturation’ Now Economic Realit...
29 Augsonora69
Chinese Made Buicks in America? This is a great article which once again ties China's economic collapse to its likely effect on the US economy...
Why We Can't Handle An Equities ...
27 Augsneezy67-1
And thank you for Dollar Collapse.com.... a well diversified economic web site.
Stocks Tank In Last 15 Minutes; ...
26 Augsneezy67-1
Dear Sir: A very short article which sums things up very nicely. Thank You....The check is in the mail.
The ideal percentage allocation ...
25 Augovertheedge3
Of course this depends on the future to mirror the recent past. This is the problem with technical analysis. You are betting the future on ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed