The 86-year-old Italian president, Giorgio Napolitano, is standing firm as the head of state. This old man is one of the few people Italians can still turn to in their bid to find a way out of the spiraling crisis. “Swift action is needed in order to restore trust in the credibility of the financial markets,” [...]
In a key development on Thursday, Berlusconi’s ruling PDL party softened its insistence on early elections as the way out of a deep political crisis and said it was considering the option of a Monti-led government. President Giorgio Napolitano appointed Monti a senator for life on Wednesday, in a move widely seen as a sign [...]
The Irish Times – Friday, November 11, 2011 GO, SILVIO. Go. “At once, good-night: Stand not upon the order of your going, But go at once,” to quote Lady Macbeth. Italy’s crooning, billionaire prime minister, one of the world’s great political escapologists, has been singing bum notes for too long. He is due to depart [...]
The Irish Times – Friday, November 11, 2011 PADDY AGNEW in Rome ITALY: FORMER EUROPEAN Commissioner Mario Monti moved distinctly centre-stage yesterday in the unfolding Italian government crisis, prompted by Prime Minister Silvio Berlusconi’s Tuesday announcement he will resign as soon as an emergency austerity budget, currently in parliament, is ratified. Late last night the formation [...]
ROME: Relief that Prime Minister Silvio Berlusconi is about to step down mixed with deep-seated fears about the future on the streets of Rome this week as political and economic turmoil swept the country. While many said the imminent exit of the increasingly unpopular tycoon who has dominated Italian political life for nearly two decades [...]