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Last updated: September 30. 2013 5:38AM - 213 Views
Associated Press



Italian premier Enrico Letta speaks during a video appearance at the Italian State RAI TV program "Che Tempo che Fa", in Milan, Italy, Sunday, Sept. 29, 2013. Former Premier Silvio Berlusconi on Sunday backpedaled somewhat in his strategy aimed apparently at collapsing Italy's fragile coalition government and triggering early elections, after some key supporters chafed at his orders to quit the Cabinet in a show of solidarity ahead of a Senate vote to strip him of his seat because of his tax-fraud conviction and prison sentence.(AP Photo/Antonio Calanni)
Italian premier Enrico Letta speaks during a video appearance at the Italian State RAI TV program "Che Tempo che Fa", in Milan, Italy, Sunday, Sept. 29, 2013. Former Premier Silvio Berlusconi on Sunday backpedaled somewhat in his strategy aimed apparently at collapsing Italy's fragile coalition government and triggering early elections, after some key supporters chafed at his orders to quit the Cabinet in a show of solidarity ahead of a Senate vote to strip him of his seat because of his tax-fraud conviction and prison sentence.(AP Photo/Antonio Calanni)
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(AP) Investors are reacting with concern over the increasing precariousness of Italy's coalition government.


Milan's stock exchange was down 1.6 percent at 17,368.52 on Monday, the first day of trading since Silvio Berlusconi demanded that his five ministers quit Premier Enrico Letta's government. Italy's 10-year government bond yield a measure of investor wariness was up 0.08 percentage points at 4.50 percent.


Berlusconi had demanded the resignations in a show of solidarity ahead of a Senate vote to strip him of his seat because of his tax-fraud conviction. But at least three ministers said they would only reluctantly comply in a rare challenge to Berlusconi's leadership.


Letta has called a confidence vote in Parliament this week to determine if his 5-month-old government can survive.


Associated Press
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