Berlusconi’s great succession debate | International

The comment was heard often: “If he dies, they will announce it on a Friday night. There’s too much at play.” The second part of the statement was irrefutable; the first has been shown to be a mere conspiracy theory. Silvio Berlusconi died on a Monday morning, perhaps at the worst moment for the markets to react. Yet the stocks of his empire, which employs 20,000 people and is valued at €6 billion ($6.5 billion), increased by 10%. There is uncertainty, of course. But the succession process, in which his five children will participate and which implies major changes in the family’s…

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