Letta says political instability may cost Italy billions
People's sacrifices risk being 'thrown away', says premier11 September, 16:41
Italy's borrowing costs have risen with Berlusconi's centre-right People of Freedom (PdL) threatening to pull its support from the government and sink it if its alliance partner, Letta's centre-left Democratic Party (PD), votes on a Senate panel for the three-time premier to be stripped of his seat in parliament.
Letta said that Italy is no longer considered a threat to global financial stability after austerity measures and reforms passed by the emergency technocrat administration of his predecessor Mario Monti.
But he warned that a government crisis could squander these efforts.
"The great result of last week's G20 summit in St Petersburg is that Italy is no longer under special watch," Letta told the Senate.
"We can ruin this in a moment by throwing away the stability conquered with hard work and we could easily return to conditions of very great difficulty".