Italian Prime Minister Silvio Berlusconi is in the news again, but for his economic policies, not his romantic escapades. The Italian economy, third largest in Europe, is starting to tank. The P.M.’s allies are jumping ship, urging him to quit. “That Silvio Berlusconi is about to resign is clear. It is a question of hours, some say of minutes,” wrote one long-time friend. The Prime Minister issued a denial: “Le voci di mie dimissioni sono destituite di fondamento” (“The rumors of my resignation are groundless “).
Silvio Berlusconi, third richest man in Italy, controls the country’s commercial television stations and newspapers and magazines. As PM, he controls RAI, the Italian government broadcasting network. So how did Mr. Berlusconi make his defiant announcement?
Related:
“Quick Primer On Chances Of Italy Destroying The World Economy,” Seeking Alpha
“Politicans and Business Close Ranks Against Berlusconi,” Fiona Ehlers, Spiegel Online
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Image (“Berlusconi on Facebook, after François Gabriel Lepaulle”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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