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Mario Draghi As Savior: Broken Democracy, Italian-Style 2021-02-05
Of Italy s 58 prime ministers since World War II, you probably don t remember the name Lamberto Dini. He took office on Jan. 13, 1995, several months after uncertain general election results, as the country grappled with an ongoing corruption scandal and billionaire businessman Silvio Berlusconi s recent entry into politics. The Italian establishment had turned to Dini, a sullen-faced economist and former Bank of Italy official, to lead a new government and essentially save Italy from itself.
This week, it was the turn of another so-called Super Mario.
Mario Monti filled that role 16 years later. A financial storm had battered Italy when the economics professor and former European Commission dashed to Rome in November 2011 to be appointed senator for life, then prime minister. This week, it was the turn of another so-called Super Mario : former head of the Central Europ
Italy Turns to Its Central Bankers When Politicians Fail Bloomberg 2/4/2021 Alessandra Migliaccio
(Bloomberg) Every time Italy is about to go off the rails, there’s always been the same solution: call in the technocrat. Former European Central Bank President Mario Draghi is the latest in a long list of fixers.
That’s when you know things are really bad, either because the finances are in such disarray that bond markets are panicking or because the usual bickering among parties has turned into complete political gridlock. It’s a peculiar way for a western democracy to function, especially since the outsider brought in to solve the most intractable of problems is not elected by the people.
This week in history: February 1-7
31 January 2021
Antonio Maccanico
On February 1, 1996, merchant banker and two-time former cabinet minister Antonio Maccanico was named as interim prime minister of Italy. He was the first would-be premier to receive the support of both the ex-Stalinist PDS (Party of the Democratic Left) and the neo-fascist National Alliance, an event that marked a further stage in the rightward evolution of the remnants of the Italian Communist Party.
The right-wing Forza Italia of Silvio Berlusconi also supported Maccanico’s selection by President Oscar Luigi Scalfaro to replace another non-party technocrat, banker Lamberto Dini, who resigned a month prior after a year in office. But Maccanico was unable to form a government despite the support of the three major voting blocs, and returned his mandate two weeks later.
secretary-general ban ki-moon delivered a message of fellowship. he spoke in new york on thursday at an event held to mourn victims. about 300 senior u.n. officials and u.n. ambassadors offered silent prayers. in fukushima i spoke about tsuna, our bonds of friendship. it also means international solidarity. united nations stands with japan just as japan has always stood by the united nations. japan s ambassador to the u.n. expressed gratitude for the support. he said japan will use lessons it learned through disasters to step up its contribution to countries around the world. people in italy are also expressing support for japan. students from a city in italy that s seen its share of earthquakes have reached out to the japanese. with a musical performance. laquila was devastated by an earthquake three years ago. japan helped to reconstruct a music hall there. more than 200 people attended the event in rome. among them italian president giorgio napolitano and former prim