December 29, 2012 |
LONDON - First, Silvio Berlusconi, who was driven from power last year by Italy's economic woes and his own scandals, said he wanted back his old job as prime minister. Then Mario Monti, an appointed technocrat who succeeded him at the head of an unelected government, kept the nation guessing for weeks before suddenly declaring that he would dive into politics and seek to lead the next government. They're only part of a perplexing lineup of political candidates voters will face in February's elections as political parties begin a frantic search for coalition partners.
December 21, 2012 |
LONDON - Prime Minister Mario Monti, the technocrat who guided Italy through economic turbulence for 13 months after scandal-plagued Silvio Berlusconi left office, resigned Friday to make way for new elections. Monti, a former economics professor and European Union commissioner, was appointed to the office, with a Cabinet of academics and economists and broad support to bring the country back from the brink of financial disaster. "A year ago this government was launched, and today - not because of a Maya prophecy - we must bring it to an end," Monti quipped as he spoke to colleagues at an annual reception.
December 10, 2012 |
LONDON - Turmoil engulfed Italy on Monday as the country braced for the imminent resignation of its prime minister, the intended comeback of his disgraced predecessor and the prospect of months of political and financial instability after a period of relative calm. Elections originally expected to be held around April are now likely to take place in February, cutting short the present government's time to enact measures aimed at reviving Italy's moribund economy and bringing down its enormous public debt.
April 5, 2012 |
As a studious girl in a small Italian town, Giulia Giupponi drew no inspiration from the women on the glowing box in her living room. The ones who giggled and jiggled while wearing next to nothing. Who simpered and cooed over male TV hosts more than twice their age. Who strutted, bent over, kneeled, pouted, blew kisses. "If I think about women I could see when I was 15 or 16 on television, I can think only of showgirls," says Giupponi, who's 23 and about to earn a master's degree in economics.
November 11, 2011 |
Italy's Parliament is pressing hard to ratify reforms clearing the way for Prime Minister Silvio Berlusconi to resign, but it will be left to his successor to solve structural problems decades in the making that are central to the debt crisis now dragging down the European — and the global — economies. The nation's $2.6-trillion public debt is the result of low productivity, corruption, suffocating bureaucracy and poor tax policies. Its economic performance between 2000 and 2010 was so bad, according to some estimates, that only Haiti and Zimbabwe fared worse in average annual growth.
November 10, 2011 |
It was but a glance, a little smirk that the German and French leaders shared in public when asked about Italy's prime minister, Silvio Berlusconi, and his country's economic woes. But that moment at a recent crisis meeting made it very clear where Italy — and everyone else — stands in the Eurozone pecking order. Many Europeans realize that their futures are being increasingly dictated by Germany and France — in that order of importance — personified by a mashup of German Chancellor Angela Merkel and French President Nicolas Sarkozy dubbed "Merkozy.