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Italian coalition government at risk, warns PM Letta

FXstreet.com (Barcelona) - Italian Prime Minister Enrico Letta had a hostile encounter with his center-right allies over the weekend, warning that the coalition government might be at risk following attacks from Silvio Berlusconi on magistrates.

As Reuters reports: "Tensions between the partners in Letta's uneasy coalition between traditional rivals on the right and left broke out into the open after the rally in the northern city of Brescia attended by ministers from Berlusconi's People of Freedom (PDL) party. Berlusconi accused magistrates of trying to eliminate him politically, after his appeal against a four-year jail sentence for tax fraud was rejected last week."

Accusations were thrown on both sides, with Interior Minister Angelino Alfano, the PDL party secretary, stating his support towards on the magistracy, while Letta's spokesman Gianmarco Trevisi said, "occasions like Brescia are unacceptable and they cannot be repeated because the negative effects are greater than the government's ability to hold together" Reuters cited.

The growing differences between the two main political parties, now obliged to cooperate one with the other, is viewed as a ticking bomb by many, as doubts mount over the survival of Letta's coalition government. So far, Berlusconi, who knows how to move like fish in water in the political arena, said on Saturday he has no intention to break the political union with Letta's party.

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