Five ministers appointed by Berlusconi’s PdL party has resigned from the coalition government during the weekend and Italy has to deal with political uncertainty once again this year. Prime Minister Letta will ask a confidence vote likely on Wednesday OCT-2. / Slightly NEGATIVE; The political uncertainty is likely to lead to rising Italian sovereign spreads with negative effect especially on the Italian banks, nevertheless may have negative influence on the overall European banking sector, especially if Mr. Letta will not win a majority vote on WED.