World news: Letta carries the day in confidence vote, Brussels t...

 
 
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Wednesday October 02 2013
 
 
World News
 
Letta carries the day in confidence vote
 
Silvio Berlusconi stages a U-turn after his party drops its demand for snap elections and supports prime minister Enrico Letta in a vote of confidence
 
 
 
Brussels to cut red tape
 
 
US takes 'extraordinary' measures to pay bills
 
 
UK party conferences signal gear shift
 
 
Draghi pledges to keep interest rates low
 
 
French court hits Ryanair with €9m penalty
 
 
Ireland to vote on political reform
 
 
Third Point urges Sotheby's chief to quit
 
 
Americans flock to health exchanges
 
 
Pace of housebuilding fastest in 10 years
 
 
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The World
 
The twilight of Forza Italia?
 

(FILIPPO MONTEFORTE/AFP/Getty Images)

As the FT's former man in Rome, I find it poignant to see Silvio Berlusconi battling this week to hold together the political movement he launched 20 years ago. The billionaire Milanese entrepreneur did not seriously contemplate a political career until 1993, when he realised it would be the most effective way to protect his business interests. In fact, one of his closest associates once confided – perhaps only half-jokingly – that, if Berlusconi had not formed Forza Italia, the boss and his loyalists would have ended up either in prison or hanging lifeless à la Roberto Calvi under a London bridge.

In its various incarnations Forza Italia is sometimes depicted as one of the most formidable vote-gathering and coalition-building political machines of modern Europe.

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