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This week in history: April 19-25 18 April 2021 25 years ago: Stalinist-led coalition in Italy On April 21, 1996, general elections in Italy brought the rebranded Italian Stalinists into government for the first time in nearly 50 years. Reflecting the confidence which big business placed in the post-Stalinists, the Milan stock exchange soared 4 percent the day after the vote. The Stalinists who transformed the old Communist Party of Italy into the Party of the Democratic Left (PDS) in 1991, after the collapse of the Soviet Union, now had control over the largest bloc of seats in the ruling Olive Tree (Uliva) coalition. A left-talking minority faction that rejected the total repudiation of any connection to socialism founded the Rifondazione Communista (Refounded Communist Party). It played a key role in forming the new government, giving its votes to the Olive Tree, which won a majority over the right-wing Freedom Alliance coalition.

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