Berlusconi Condemned

Seven years for abuse of office and prostitution of a minor. (6 + 1).  A long list of witnesses have also been referred for investigation on the evidence given during Berlusconi's trial.  Berlusconi has been excluded from public office in perpetuity.

Lawyers for Silvio Berlusconi have announced he will appeal and used the word 'hallucinatory" to describe the proceedings.

The spread has risen to 300 with the  yield at 4.82.