giovedì 10 novembre 2011

The situation in Italy: a new government by excellent economist Mario Monti is the only way possible to give Italy a chance


Berlusconi resigned slowly.When everybody understood that his vain government is linked to a major damn for Italy and its debt on the rate of Italian bond market always higher and higher.
Now it's up to the Parliament. Will it be able to listen the President of Repubblic Napolitano? He is looking for a big coalition to support Mario Monti as President of an "Emrgency Government" to give stability and reform to Italy after Berlusconi-storm with a big coalition.The left Democratic Party and Center Democratic Party are agree from long time . The ex majority (Pdl the Berlusconi Party and Lega nord) are not so sure but knows how near is the brink for Italy. The ex comunist party lives "in Mars" but fortunatly is a little Party and is not agree to a real liberal Monti government.
There is no time to loose in preparing elections with a non adequate electoral system, to reform too. There is no time to an electoral campaign during an attack against Italy, a Country that put at risk all the Eurozone because Berlusconi did'nt cut political budget cuts , waste of pubblic administration and did not do antitrust actions (Mediaset shares,the company of Berlusconi lost a lot of value at the same time he decided to stop his political positions), anti-corruption actions, welfare-actions to protect temporary job positions and did not stimulate economic growth at the same time.
Who could do all this things now as soon as possible as EU ask vigorously? Mario Monti (ex EU commissioner and excellent, stimated and well known in the world economist) said: "There is a huge hard work to do for Italy to exit from crisis". Probably he could be the next Premier of the government, only if all the parties from left to right in parliament will set above the good for Italy (and Europe) instead of particular interests and this is not predictable, is the real battle to win, indeeed. The risk is linked to the high irresponsability the political class, present in these days in all parties, incapable to find a limited but keen program for Italy till 2013 ferrying the Country to new elections with a new system.

Comment sent to THE ECONOMIST nov10th 2011 
and WALL STREET JOURNAL nov 11th 2011

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