Italy’s Northern League says government is doomed

ROME, April 23 (BestGrowthStock) – The leader of Italy’s Northern
League, a key ally of Silvio Berlusconi, on Friday predicted the
the government would fall and the ruling coalition collapse as
centre-right leaders continued to publicly attack each other.

Umberto Bossi, whose anti-immigrant party made strong gains
in recent regional elections, backed Prime Minister Berlusconi
is his battle with right-wing leader Gianfranco Fini, but said
the centre-right coalition was now doomed.

In an interview in the League’s party newspaper, Bossi
predicted “a vertical collapse of the government and probably
the end of the alliance between (Berlusconi’s) PDL and the
Northern League”, although he gave no timeframe.

The coalition’s descent into chaos comes as the euro zone’s
third largest economy struggles to recover from its worst
post-war recession.

In a dramatic public shouting match at a PDL congress on
Thursday Fini accused Berlusconi of stifling internal debate and
giving too much power to the League, while the 73 year-old prime
minister accused his younger rival of disloyalty [LDE63L2EH].

Bossi said Fini, a co-founder of Berlusconi’s People of
Freedom party (PDL), was “envious and rancorous over (the
League’s) repeated successes … and has done nothing but try to
erode what we have created”.

Bossi, who is renowned for his colourful language, said it
was now clear that the ruling coalition could not produce the
promised reform to devolve power to the regions that the League
demands.

“A new road awaits us, we will be alone without Berlusconi,”
he said.

Stock Market Today

(Reporting by Ilaria Polleschi, writing by Gavin Jones; Editing
by Kevin Liffey)

Italy’s Northern League says government is doomed