Bunga-bunga! Asia needs its own Berlusconi
It is testament to the profound respect given to Italian prime minister Silvio Berlusconi that Asia’s debt and equity markets danced to his tune this week, zigging and zagging as rumours swirled about his resignation.
It is less auspicious that the markets rallied when they thought he was quitting, and fell when they heard he might be staying. It now appears final: Berlusconi will quit once he pushes a package of spending cuts through parliament.
He will be missed, at least by this columnist.
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