italy's senate voted on wednesday to expel former prime minister silvio berlusconi following his conviction for tax fraud the decision meansravis county loses his parliamentary immunity and could face arrest in connection with other legal proceedings against him. they include with an underage prostitute and abuse of office. the vote was preceded by a heated debate between supporters and opponents doomadgee imagine that this is a historic day for italy just for them to the rule of law has been strengthened because it's clear that everyone is equal under the law to enable him as a clown a cookie sheet to the knee so i know i'm an addict. but there was tony says he isn't giving up. it was the seventy seven year old told supporters he would seek a seat in the next election. however under the terms of its conviction he's barred from holding office for the next sixty years the day. like his prime ministers like these two groups. he knows his resignation in a surprise move on wednesday the one he said he could no longer carry on in the wake of the country's worst disaster since independence. fifty

. >> italy's senate voted on wednesday to expel former prime minister silvio berlusconi following his conviction for tax fraud. that means he loses his parliamentary immunity and could face arrest in connection with other legal proceedings against him. that includes sex with an underage prostitute and abuse of office. the vote was preceded by a heated debate between supporters and opponents. >> this is a historic day for italy. the rule of law has been strengthened because it's clear everyone is equal under the law. >> but berlusconi says he's not giving up. the 77-year-old told supporters he would seek a seat in the next election. however, under the terms of his conviction, he is barred from holding office for the next six years. >> the prime minister of latvia announced his resignation in a surprise move on wednesday. he said he could no longer carry on in the wake of the countries worst disaster since independence. 54 people were killed last week when a supermarket roof collapsed in the capital. radix suggested the government decision to abolish a construction oversight authority b

italy's senatebefore voted onednesday t expel former prime minister silvio berlusconi following his conviction for tax fraud the decision meansravis county loses his parliamentary immunity and could face arrest in connection with other legal roceedings against him. they include with an underage prostitute and abuse of office. the vote was preceded by heated debate between supporters and opponents doomadgee imagine that this is a historic dayor italy just for them to the rule of law has been strengthened because it's clear that everyone is eal under the law to enable him as a clown a cookie sheet to the knee so i know i'm an addict. but there was tony says he isn't giving up. was the seventy seven year old told supporters he would seek a seat in the next election. however under the terms of its conviction he's barred from holding office for the next sixty years the day. like his prime ministers like these two groups. he knows his resignation in a surprise move on wednesdayhe one he said he could no longer car o in the wake of the country's worst disaster since independence. fifty four people we

. >>> two of europe's most dominant political parties has a third term while silvio berlusconi was convicted. here is a reminder of some of this year's political plays. ♪ >> this has been one of the tightest election races in the political history. a country that's used to wandering coalition running the show. >> this result calls for deep intro expect. we have to understand, to look at the many reasons for this defeat. >> breaking news from thailand, the prime minister says she will be dissolving parliament. >> no reprieve for silvio berlusconi. >> stunning victory for merkel over the weekend. her own party holding more than they've done in the last 20 years. >> i, kevin michael rudd -- >> you're once more open to this. >> some of the political power plays particularly out of asia, as well. geopolitics is sort of the dog that didn't park. we got a little worried about the u.s., but took it astride, as well. >> it did park this year. it's just it didn't bite. geopolitics i think has faded to an extent into the background. we were talking about emerging markets and there's a lot of concern ab

silvio berlusconi, his family holding trust, they are selling over 5.6% of this particular stock todays it should eventually wash out and give a better financial structure. today, they are down 4.9%. bae, there is gold in that budget deal. defense companies are going to be sheltered from about $19 billion worth of cuts. bae gets 44% of their revenue in the united states of america. the consensus from the market is this, it is good if defense is protected. it is even better for the likes of bae. back to you, guy. >> manis, thank you very much indeed. let's pick up with today's pulse number. $20,000. that is the prize money a college basketball player won after a shot from half court during an nba game as month. he wasn't playing in the game. that is a shot 47 feet away. he was probably taking the shot at halftime. the problem with all of this is that college athletes aren't allowed to use their athletic abilities for financial reward. college student knows, rules are meant to be broken. this time, the regulators agreed. they said that this young man will be able to pocket his winnings.

we didn't just have silvio berlusconi.f you think of the numbers, we had dini, champa, we tell monte, berlusconi, and they all failed to deliver syria's reform. so the question should be what was it that blocked them? it's obviously impossible that they were all dumb, so it's probably our architectural design, how our institutions are designed. that design was originally made after world war ii. it was a design that was was specifically aimed at avoiding power concentrations and quick decisions. but today there is a great need for quick and powerful decisions. so the architecture has to be changed before venturing into elections, which is to say that electoral reform is a priority. but probably not priority number one. >> robert. >> hi. good morning. the italian political calendar is largely hindering on institutional reform and largely in two strands. the nearly electoral law from where i sit seems like a very real possibility and potentially should mean letta will stay in power for the next 12 months and beyond. a rebala

i think silvio berlusconi broke the rules when he met the queen. i think he might have touched her. >> i don't even want to -- >> here we are. two days -- yeah, two days after the fed and it's a quiet session for european stocks today. we are still waiting for the upside, but we've come down for the session low. 6 to 4 advancers outpatsing decliners at the moment. and we've had options expire here, as well. quadruple witching in the united states. and it has actually taken these levels down. the ftse 100 earlier was up around 0.5%. take a look ate now. it's just up 3 points. what's been happening is plenty of traders have been offloading long ftse position because they've been having -- they've had a lot of put options on. the put options have expired and that's basically -- i meant the ftse has come back to the flat position, as well. the cac 40 is down 5 points and the ftse mib is up 5 points, as well. it's been expiring impact today here in the uk. looking at bae systems, down 4.75%. this is a defense contractor. yesterday we talked about saab d