Markets Rise on Your Resignation Rumors? You're in Trouble
November 07, 2011 at 09:26 AM EST
You're know you're in trouble when the markets go up on speculation you're resigning - that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house - that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote.