Silvio Berlusconi and the spread-scam used to try to bring down a majority government elected by the Italians

Monday, December 10, 2012. Taking part in Canale 5's “La Telefonata” (“The Phone Call”) TV programme, Silvio Berlusconi explains to the Italians that Italy's bond yield difference with Germany's Bunds is a scam they should not worry about.

Berlusconi with alleged girlfriend Francesca Pascale

Canale 5 ("Channel 5") is a television network controlled by Berlusconi's Mediaset broadcasting company, Maurizio Belpietro is a staunch defender of the Italian Prime Minister candidate arguably the best place to address to the Italians (at least to those who aren't at work, in that time in the morning) in order to lure them to vote, once again, for the billionaire.

Belpietro - former editor of Berlusconi's Il Giornale newspaper - is the host of the La Telefonata ("The Phone Call"), a 10-minute-long TV programme where he gets a phone call, as the show title hints. Today the Italian Silvio telephoned. La Telefonata is on air at 8:40 (GTM 7:40)

“Let's stop talking about this scam!” stated this morning Il Cavaliere's voice, “one year ago nobody heard about the word “spread” he continued “that was used to try to bring down a majority government elected by the Italians”.

“Behind the crisis there has been a German strategy” Berlusconi added, and Prime Minister Mario Monti is beholden to Germany. Monti replaced Berlusconi as Italy's Prime minister in November 2011, when the spread between Italy's bond yield and Germany's Bunds reached a euro-era record of 575.6 basis points.

He knows what is needed

The way for Italy's salvation is through the restoration Forza Italia (Go Italy!), the party that Silvio Berlusconi created in 1994 when he "entered the field" the first time, its alliance with the Lega Nord (Northern League) led by Robert Maroni (in the meanwhile Berlusconi friend Umberto Bossi was swept away by a corruption scandal) and – most probably – the separation from the National Alliance party.

After the PdL withdraw it's support for Monti's government and the former European Commissioner declared his willingness to resign as soon as, general elections are expected to be held either Feb. 17 or Feb. 24 (about a month before originally planned).

Is Italy back to square one, or it just sounds like that?