One long-time confidant is Yitzhak Molcho, a lawyer who was at his side in his first term and whom American diplomats credit with achieving the modest progress that was then eventually made in negotiation with the Palestinians.

ECONOMIST: America grapples with Israel

While Italy faces the specter of un-governability, as Berlusconi noted according to the FT, analysts at the credit rating agency are hopeful that a government will form after a four week negotiation period.

FORBES: Italian Circus: S&P Says Silvio's Return And Comedian's Ascent Don't Affect Credit Rating