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Scandals Rain on Berlusconi's Party
Keywords:
Polls by Renato Mannheimer show popular support for the People of Freedom party of Mr. Berlusconi, which won 37% of the vote in 2008, is now down to 17% This comes after a series of corruption scandals. The most recent involves embezzlement of 1.7 million dollars by a politician from the Rome-Lazio regional government. New parties are being formed which are drawing increasing support. The Five Star Movement of Beppe Grillo, a former comedian, which opposes being in the eurozone and calls it a "noose" for Italy shows 18% support, according to a poll by the SWG agency. In that poll the Italy of Values party had 6% support, and the Left Ecology party 6%. Mannheimer says only one third of Italian voters are now in favor of the large established parties, indicating a big change is underway in Italian politics. The new parties are also critical of prime minister Monti's policies. This happens just as political and business leaders in Italy are calling for Monti to run for office to continue policy changes he has made to improve Italy's competitiveness and lead to economic recovery. Monti, a former EU Commissioner, was appointed as prime minister after pressure from German chancellor Merkel and the EU led to a loss of parliamentary support for Mr Berlusconi with key members of his own party defecting. After passing legislation for changes to Italian labor laws and making other shanges to improve Italy's competitiveness since taking office in November 2011, Monti is now seen in Italy, and outside Italy in EU circles, as the only person who can lead Italy out of the economic crisis; even though his reforms and austerity measures have not proved popular.
Mario Monti, as head of the new Italian government in November 2011
11/10/2011
Former European Commissioner, Mario Monti, is the top candidate to head the new administration in Italy.
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Italy's Monti Hopes Summit Win Plays at Home
Wall Street Journal 06/29/2012
Italian Prime Ministerâs Political Acrobatics
New York Times 04/28/2013
‘The European Union needs Italy’ - The Washington Post
Washington Post 10/18/2013
Italy Front-Runner Seen as Political Outsider
Wall Street Journal 11/11/2011
Rome Plan for Growth Garners EU Praise
Wall Street Journal 11/11/2011
Can Italy Put Berlusconi Behind It?
New York Times 11/10/2011
Actions taken by the Italian government of Mario Monti to improve competitiveness in 2011-2013
01/19/2012
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From Taxis to Tolls, Italy Seeks Competition Push
Wall Street Journal 01/19/2012
Germany's Inflated Fear of Inflation
Wall Street Journal 02/14/2012
The Rest of Europe vs. Germany
New York Times 02/16/2012
Mario Monti and Italy's Generational Crisis | Foreign Affairs
Foreign Affairs 02/14/2012
Wall Street Journal 03/27/2012
Italy's Labor Reforms Are Serious and Will Be Effective
Wall Street Journal 04/07/2012
Assessments of the Berlusconi government in Italy
08/07/2012
Grouped Articles
Resignations Threaten Italian Coalition
New York Times 09/28/2013
Dealing a Blow to Berlusconi, an Italian Senate Panel Recommends His Expulsion
New York Times 10/04/2013
Italy Senate Committee Votes in Favor of Ousting Berlusconi
Wall Street Journal 10/06/2013
New York Times 10/26/2013
Italy’s Berlusconi Convicted in Bribery Case
Wall Street Journal 07/08/2015
Monti Says He Regrets Berlusconi Remark
Wall Street Journal 08/07/2012
Silvio Berlusconi and Italy
06/11/2011
Grouped Articles
Resignations Threaten Italian Coalition
New York Times 09/28/2013
Dealing a Blow to Berlusconi, an Italian Senate Panel Recommends His Expulsion
New York Times 10/04/2013
Italy Senate Committee Votes in Favor of Ousting Berlusconi
Wall Street Journal 10/06/2013
Berlusconi Ordered to Stand Trial on Bribery Charges
Wall Street Journal 10/24/2013
Italy’s Berlusconi Convicted in Bribery Case
Wall Street Journal 07/08/2015
Berlusconi's legacy: The cavaliere and the cavallo
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New York Times 10/26/2013
Italy’s train wars show the bumpy ride into competition - The Washington Post
Washington Post 10/29/2013
Can Italy Find Its Way? Resistance to Change Means Slow Recovery
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The Secret Behind Italy’s Favorite New Film
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New York Times 08/21/2011
Italian Workers Strike Against Austerity Measures
New York Times 09/06/2011
How the German role in the eurozone crisis is viewed inside Germany, in Greece, Spain, Italy and the rest of Europe
05/26/2010
German media/public opinion and media/public opinion in other eurozone countries.
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Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Germans Love Europe â But Not the Euro
New York Times 10/11/2011
New York Times 05/26/2010
Luxembourg Foots a Big Piece of the Greek Tab
BusinessWeek 05/27/2010
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
Galloni and Emsden's WSJ interview with Italy's Economy Minister Vittorio Grilli in 2012
09/12/2012
Galloni and Emsden interview Grilli in Sept. 2012.
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Q&A: Italy’s Economy Minister Vittorio Grilli
Wall Street Journal 09/12/2012
A Chief Culprit for Italy Woes: Services
Wall Street Journal 09/20/2012
Scandals Rain on Berlusconi's Party
Wall Street Journal 09/26/2012
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Washington Post 10/01/2012
Italy, Spain and austerity measures- 2011-2013
08/08/2011
Analysts point to the austerity measures adopted by Italy and Spain much earlier than other countries in the eurozone. The risk now is cutting into muscle as growth for 2011 is expected to be below 1% in both countries. Italy say analysts is actually in surplus when the interest on debt is excluded.
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
European Finance Ministers Support Investment Program
New York Times 09/14/2014
Italy's austerity measures- 2011-2013
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Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
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New York Times 11/30/2014
Italian Government Advances Austerity Plan
New York Times 06/30/2011
Wall Street Journal 07/12/2011
Italy's lack of investment in human capital, information technology and the weak services sector leading to low productivity growth
06/24/2011
The head of Italy's statistics agency Istat, says Italy's manufacturing sector has performed quite well, but it is only one sixth of the economy. The larger services sector has suffered from a lack of investment in human capital and information technology, and is performing poorly, leading to larger expected declines in GDP than anticipated of 2.4% in 2012. There is a need to steer education in the direction of new job opportunities. This suggests that more than the changes to labor laws and related changes taken by Monti and Fornero will be needed to revive the Italian economy.
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The Next First (and Only) 100 Days
New York Times 12/10/2011
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Italian Prime Minister to Resign, Clearing Path for Renzi
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Mario Draghi, head of the ECB, and the eurozone crisis with Italian bond yields approaching 8% in Dec. 2011
11/10/2011
Draghi addresses the issue of large scale purchases of bonds of Italy and Spain to ease pressure on bond yields, by leaving open the possibility of action if the EU countries take the necessary steps for a strict budgetary framework.
Grouped Articles
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
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As Bond Markets Twist, Investors Shout
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Mario Monti's Labor Minister Elsa Fornero and changes to Italy's labor laws
06/24/2011
Elsa Fornero says Italy is not a place where people follow the rules, and there is a strong tendency to rig the system to tweak it in different places to benefit different groups. The last 10 goverments have failed to tackle the Workers Law put in place after the Second World War, which is out of place in today's economy. Which is why the changes she has made are so significant for Italy to regain its competitiveness and its potential, and modernize its economy. This is also one of the major positive outcomes of the current eurozone crisis. Spain has launched a similiar effort. It involves a culture change which would increase productivity and investment. It also shows that while the Merkel Christian Democrats may need to adjust the austeity programs to promote growth, some of the structural changes pushed in Europe including the formation of the Monti government are finally on the right track.
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New York Times 09/25/2011
Departing EADS Chief Urges Europe to Recommit to Industry
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Sovereign-Wealth Funds Agree to Invest $380 Million in Italian Property
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Mario Monti: Alessandra Galloni's Interview with the prime minister of Italy, August 2012
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Galloni talk to Monti in this important interview after the June 28, 2012 summit of European leaders. In it Monti outlines once more how he sees ECB head Draghi's role in the days ahead, the measures he has taken that are unpopular in Italy, his ideal for Europe.
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Grouped Articles
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Wall Street Journal 10/06/2013
New York Times 10/26/2013
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Washington Post 10/29/2013
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New York Times 10/30/2013
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The "kurzarbeit" program in Germany and lessons for the erurozone.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
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Italy's borrowing costs went up to 5.7% a week after the July 22, 2011 eurozone debt deal for Greece.
Grouped Articles
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Wall Street Journal 05/14/2010
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Italy Called Biggest Euro-Zone Threat
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Wall Street Journal 07/14/2012
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Italy- politics and government 2010-2015
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Grouped Articles
Italy Fails to Elect President
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Wall Street Journal 04/22/2013
Dealing a Blow to Berlusconi, an Italian Senate Panel Recommends His Expulsion
New York Times 10/04/2013
Italy Senate Committee Votes in Favor of Ousting Berlusconi
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New York Times 10/26/2013
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Grouped Articles
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Wall Street Journal 05/14/2010
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Grouped Articles
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Spain and Italy Hit by Downgrades
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Gap in Competitiveness Weighs on Europe, Analysts Say
New York Times 01/15/2012
Moody's Downgrades Italy Bond Rating
Wall Street Journal 07/13/2012
Italy Downgrade Shows Risk of Losing Market Access
Wall Street Journal 07/14/2012
Lost generation. High joblesss rate for younger workers in Spain, Italy, France, and other parts of Europe: 2011-2014
01/01/2010
The unemployment rate for younger workers 16-24 in Spain has reached an astounding 42% in 2010, up from 17.5% at the height of the boom 3 years ago. High youth unemployment is a severe problem for the European Union.
Grouped Articles
Italy Looks at Job Shares for Young
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Germany Works to Curb European Youth Unemployment
New York Times 05/22/2013
Italy: The Nation That Crushes Its Young
New York Times 10/30/2013
Young and Educated in Europe, but Desperate for Jobs
New York Times 11/15/2013
France Tries Subsidizing Jobs for Youth—Again
Wall Street Journal 12/21/2013
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Moody's and credit ratings for Italy and Italy's banks
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Grouped Articles
Spanish Banks More Vulnerable Than Italy's
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Bank of Italy Inspecting Top Lenders' Books
Wall Street Journal 07/30/2013
The Key to Italy's Rating Is Kept in Canada
Wall Street Journal 11/02/2013
Moody's Downgrades Italy Bond Rating
Wall Street Journal 07/13/2012
Italy Downgrade Shows Risk of Losing Market Access
Wall Street Journal 07/14/2012
Italian Banks Downgraded by Moody's
Wall Street Journal 07/17/2012
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06/03/2010
Grouped Articles
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Italian Economy Stops Contracting
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Wall Street Journal 04/30/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Italy's Shot of Southern Discomfort
Wall Street Journal 06/03/2010
Mario Monti, prime minister of Italy, and his letter to the Journal defending labor reforms
04/07/2012
Grouped Articles
Italy's Labor Reforms Are Serious and Will Be Effective
Wall Street Journal 04/07/2012
Europe's Reform Pact Means Little
Wall Street Journal 04/15/2012
Wall Street Journal 04/26/2012
Monti's Mounting Italian Challenge
Wall Street Journal 06/11/2012
Why Monti, despite Merkel, could prove the euro’s best hope - The Washington Post
Washington Post 06/24/2012
Wall Street Journal 06/26/2012
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