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Italian bourse turns positive on Berlusconi resignation talk

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The Italian stock market erased early losses and turned positive on Monday on market talk that Prime Minister Silvio Berlusconi could resign soon, traders said. Two respected journalists close to the centre-right leader separately said they believed Berlusconi was about to step down.

 

"That Silvio Berlusconi is about to step down is now clear to everybody, it's a matter of hours, some say minutes," Giuliano Ferrara, the respected editor of the Il Foglio daily and a confidante of Berlusconi, said in a video posted on the newspaper's website. (Reuters)

 

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