Mario Monti Accepts Job as Italy’s Premier – NYTimes.com

 

 

A new era for Italy, indeed.  Can Super Mario fix the country that appears to be a much better place to visit than live.

For their part, European leaders had come to see Mr. Berlusconi as a liability both to Italy and to the single currency after his government repeatedly fell short on promises of fiscal and economic reform. Mr. Berlusconi resigned after Parliament finally approved a package of austerity and growth measures but denied him the majority support he needed to remain in office.

The Berlusconi government had been shadowed in recent years by sex scandals surrounding the prime minister. Mr. Monti attended Mass with his wife on Sunday morning in the Roman Catholic Church of Sant’Ivo in the historic center of Rome.

Many Italians awoke on Sunday to what they felt was a new day in Italian politics, even if many did not quite believe that Mr. Berlusconi, a fixture of public life here for nearly two decades, was really gone. Some young Italians, who increasingly feel shut out by a labor market that protects older workers, considered his departure to be good sign.

via Mario Monti Accepts Job as Italy’s Premier – NYTimes.com.

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5 thoughts on “Mario Monti Accepts Job as Italy’s Premier – NYTimes.com

  1. lrav says:

    I thought that the resignation of this Italian leader showed the severity of the economic crisis, seeing as how Greece also has a leader who will be resigning shortly. With Berlusconi gone, I wonder what will happen to change the economic struggle in Italy, who will take his place and what exactly does this government plan on doing to fix this? Just because this leader is now resigned does not mean that Italy is even close to being out of the woods yet.

    http://www.nytimes.com/2011/11/11/opinion/now-italy-is-in-turmoil.html?_r=1&scp=4&sq=italy&st=cse

  2. mparra86 says:

    Having lived in Italy for 2 years, this is the most shocking news (in a good sense) for me. I remember when Prodi got kicked out of office and Forza Italia (Berlusconi’s party) had gained great momentum. Many, many people are happy that he has left. Even my Italian teacher for one of my Italian courses here at BYU showed us a clip of a group of people that gathered in the piazza to receive Berlusconi by singing Handel’s Hallelujah! People compare Berlusconi’s stepping down to April 25, which is Italy’s liberation day. People say that they are finally liberated from that thief. Now Mario Monti will take the job of il Cavaliere. Yes, Berlusconi has left, but Italy is still in very bad conditions. Even with Berlusconi out of the scene, Italy has a long way to go before it can actually stand firmly in the EU.

    (The video is from an Italian news media, but it should be easy to understand because I summarized most of it.)

  3. samstoddard says:

    I think that Mario Monti, acclaimed economist, taking the reins of a runaway Italian economy that is threatening to take all of Europe and maybe most of the world with it is a good move. As stated in the article, as Mr. Monti creates this new Italian government he tried to include members from every party to help share the responsibility; however, many did not want to join this government so “the new cabinet is now expected to consist mainly of technical experts rather than politicians”. This feels like a breath of fresh air. I think that these decade long regimes must be replaced by people who have a broad understanding of the complexities of the economic climate that we live in today. Mr. Monti may or may not be able to pull of the last second shot and win the game, but this late in the fourth quarter and the Euro about to fall, he is the closest thing we got to a Michael Jordan. Hopefully he can do it and prevent France from being the next nation in line to have to answer to years of financial irresponsibility.

    Here is another article that was front page of the Times last week, it drops hints that France may be next.
    http://www.nytimes.com/2011/11/10/business/daily-stock-market-activity.html?scp=1&sq=contagian&st=cse

  4. andyt7724 says:

    Hearing over the weekend that Silvio Berlusconi officially resigned made me extremely happy and anxious for the future of Italy: as i’ve followed the financial events that have taken place in the last few months Italy’s condition has only seemed to worsen. Summed up in a poignant comment by one Italian in NYT article some weeks back, Italy “is tired of being the laughingstock of the world.” I don’t know whether Mr. Monti and his team of technical experts will be able to pull it off, but a certainty is the faith and trust that will be required by those in the position to help. I speak primarily of the investors upon whom Italy depends so much; regardless of his experience and expertise, if those investors fail to step up to the plate so to speak, then not only Italy and its citizens, but also the entire eurozone and countless others besides will feel the effects of the ripple as Italy’s inevitable economic collapse permeates the globe. I was interested to find out just what Mr. Monti is up against, and for all those likewise curios, I include this link:
    http://www.independent.co.uk/opinion/leading-articles/leading-article-the-eurozone-will-not-survive-if-mr-monti-fails-6261958.html
    I hope the best for Mr. Monti, and for Italy

  5. miyaheather says:

    Just having watched Inside Job (http://www.youtube.com/watch?v=q4egTybH-TE), it will be interesting to see how an economist will govern Italy, instead of a politician. Many times in the U.S., citizens view the advising economist to the President as perhaps having even more power than the President himself. The Federal Reserves Chairman literally has the authority and power to control inflation, national economic growth rates, and indirectly unemployment. As this documentary shows, both Republican and Democrat Presidents have appointed chairmen who seem to have less than the best moral guides in making national economic decisions. Although the documentary may be heavily biased, some of these appointed advisors were the very people working on Wall Street, making decisions that have led to where we are now economically. It has always fascinated me how willing we as Americans are to oversee a politician’s lack of knowledge in economics and foreign policy. It goes to show the power of diplomacy. It’s a principle that has been reinforced to me even in our MUN class, while doing mock sessions. What you know is far less important-at least immediately-than how you present yourself and are able to communicate with others. I’ll be watching closely to see how Italy’s new Monti, someone who actually has a real comprehensive knowledge of economics, fills the politician’s role.

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