WASHINGTON — To make matters worse, Italy’s government is teetering on the brink of collapse after a recent court ruling on the country’s power player, former Prime Minister Silvio Berlusconi.
Reuters reports that the Italian Supreme Court upheld a tax fraud conviction against Berlusconi, whose center-right party that leads a coalition that could collapse. His supporters of the People of Freedom Party were defiant and said they can emerge victorious.
Italy is struggling economically and has the eurozone’s third-largest economy. But, with reports that Germany not being able to boost the eurozone for much longer, Italy could be another big piece to fall and cause a domino effect of sorts within the euro currency zone.
Berlusconi has also battled an underage sex scandal and continues to fight for his political life, having been in politics for at least two decades.