Italy’s former Prime Minister Silvio Berlusconi suggested his political days were far from over, while also taking a swipe at his successor’s fiscal austerity policies.

Speaking during a phone call broadcast by Italian media, Mr Berlusconi said he was “still on track” – an allusion to his political career. “I’m still on track and will also be in the future,” the 75-year-old billionaire tycoon said.

Mr Berlusconi, who is currently a defendant in three trials including one for allegedly having sex with an underage prostitute, resigned November 16 as Italy’s financial crisis worsened.

He was succeeded by Mario Monti, who immediately pledged drastic austerity measures and tax increases.

Mr Berlusconi blasted Monti’s reforms as potentially pushing Italy into recession. The comment drew quick scorn from the opposition Democratic Party.