Perhaps this article is the source of the rumors that Tremonti may be forced out of government.
His government colleagues can’t stand him and Silvio Berlusconi wishes he could do without his deficit-obsessed finance minister who won’t allow him to spend the money he hasn’t got. Many Italian members of parliament blame him for the failure of the right in recent municipal elections and referendums. But Giulio Tremonti, who presented a €43bn ($62bn) austerity plan last week to balance the budget by 2014, believes that he is indispensable and without him, Italy would rapidly join the Pigs (Portugal, Ireland, Greece and Spain).
That rumor was likely the cause of the slide to the low 1.4440s.
