by Mike Shedlock
MISH’S Global Economic Trend Analysis
Whether or not Italian President Giorgio Napolitano intended to step down or it was just a rumor, following ECB President Mario Draghi phone call, Napolitano denies resignation reports.
Napolitano pledged on Saturday that he would stay in office until the end of his term on May 15 following reports that he planned to step down to break the deadlock created by last month’s election, which left no party able to form a government.
Months of Pressure on Bersani and Silvio Berlusconi
The ECB clearly does not want to take a chance that Beppe Grillio’s Five Star Movement will win the next election, so the pressure is on by the ECB for a different result.