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BERLUSCONI

Berlusconi welcomes ‘obvious’ Trump comparisons

Silvio Berlusconi, the former Italian Prime Minister has welcomed comparisons between himself and US president-elect Donald Trump, in an interview published on Saturday.

Berlusconi welcomes 'obvious' Trump comparisons
Spot the difference? Photo: Timothy Clary, Tiziana Fabi/AFP
While Italian comedians have jumped at the chance to mock the similarities between the two gaffe-prone, orange skinned, questionably-coiffed businessmen-turned-politicians, Berlusconi himself pointed to other common traits they share.
   
“There are some obvious similarities, even though my story as an entrepreneur is very different to Trump's, who I've never met,” Berlusconi, who was known as a media mogul and president of AC Milan football club before entering politics in 1994, told Corriere della Sera.
   
He could also have mentioned that the tax affairs of both men — dubbed Trumposconi by Italian comedians — have come under scrutiny.
   
Berlusconi came to power on the back of voter discontent with the established order as the 'Mani Pulite' (clean hands) corruption affair of the early 1990s implicated many leading politicians from the country's five governing parties.
   
The Italian, who turned 80 earlier this year, said that likewise Trump “was elected by all Americans weary of an old political order” that is “insular” and has become “unable to listen or understand”.
   
That order had made a “mistake typical of all the left (-wing parties) around the world” in “thinking that being 'politically correct' is the way to become close to the people, without understanding that the true weak are the citizens overwhelmed by the state, taxes, bureaucracy, uncontrolled immigration, unemployment, the terrorist danger”.
   
He added: “That's the same in America as it is in Italy and in Europe.”    
 
While Italy's centre-left prime minister Matteo Renzi publicly declared his support for Democrat Hillary Clinton prior to the US election, Berlusconi, who claims to be a “liberal and popular centrist”, has refused to comment on his preference either before or since Republican Trump won the race to succeed Barack Obama.
   
“Americans have chosen Donald Trump, now let him go to work… Presidents are judged on what they do,” said Berlusconi, who served as prime minister in four governments.

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DEUTSCHE BANK

Deutsche Bank set ‘to cut ties with Trump’

Deutsche Bank will cease its longstanding relationship with outgoing US president Donald Trump, The New York Times reported on Tuesday.

Deutsche Bank set 'to cut ties with Trump'
Deutsche Bank's headquarters in Frankfurt. Photo: DPA

Deutsche Bank was Trump's primary lender for two decades, and he owes the institution more than $300 million, according to the newspaper, which cited an unnamed source as saying the German lender “has decided not to do business with Mr. Trump or his company in the future.”

Deutsche Bank declined to comment to AFP.

The move comes on the heels of last week's violent attack on the US Capitol by Trump supporters at the president's incitement, and follows steps taken by other companies to cut ties with Trump and his businesses.

READ ALSO: Trump under investigation for Deutsche Bank ties

Christiana Riley, head of Deutsche Bank's US division, called the violent
siege on the Capital “a dark day for America and our democracy” in a post on LinkedIn last week.

“We are proud of our Constitution and stand by those who seek to uphold it to ensure that the will of the people is upheld and a peaceful transition of power takes place,” Riley said.

“It is my hope that these shocking events will result in a reinvigoration
of the principles our nation was built upon.”

Trump's relationship with Deutsche Bank has sparked numerous probes in the United States, including in New York, where the Manhattan District Attorney is investigating whether Trump committed financial crimes as he sought loans.

READ ALSO: 'Worlds between us': What Trump's German family's town thinks of him today

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