The Supreme Court also said the five-year public office ban was excessive under Italian law and had to be cut down - so it referred it back to the Court of Appeal for review. In other words, it seemed Il Cavaliere had at least temporarily dodged the ban - arguably more important than the prison sentence from his point of view.
However, a new twist to the story emerged last night. Under Italy's new anti-corruption law, which was passed at the end of 2012 by Mario Monti's technocratic government, Berlusconi will not be allowed to stand for election for at least six years as a result of his tax fraud conviction. In practice, this means Berlusconi will not be able to run in the next Italian elections even if Letta's government saw through the entire five-year parliamentary term.
But there's more: Berlusconi also risks losing his seat soon(ish). According to the same law, the Italian Senate will have to vote on whether to expel Berlusconi with immediate effect. This vote will probably take place at some point in September - and will turn into a key test for the stability of Italy's coalition government.
So, in substance, the lose-lose scenario for Italian Prime Minister Enrico Letta's Democratic Party that we discussed here is materialising after all:
- If the Democratic Party votes to expel Berlusconi, it will put Italy's coalition government at risk;
- If the Democratic Party votes to keep Berlusconi in, it will put itself at risk of internal strains and criticism from angry voters. It would also provide a boost to Beppe Grillo's anti-establishment rhetoric.
Following the verdict, Berlusconi made a rather emotional statement. It was a political 'call to arms' for his supporters, with no mention of Letta or the future of Italy's coalition government. Berlusconi insisted he is the victim of "judicial doggedness without equal in the civilised world" and pledged to "fight on". We are pretty sure he will.