Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

FarCenter

(19,429 posts) Mon Feb 25, 2013, 09:08 PM Feb 2013

0

The Berlusconi Effect: Political Gridlock Wins Italian Elections

First the good news: Silvio Berlusconi didn't win the Italian election. But the bad news is disturbing enough. Center-left leader Pier Luigi Bersani was unable to win control of the Senate, meaning that a stable government in Italy looks unlikely. The results for Europe could be devastating.

http://www.spiegel.de/international/europe/italian-election-results-in-split-between-center-left-and-berlusconi-a-885538.html

The sooner Portugal, Italy, Greece and Spain are ejected from the Eurozone, the less long term damage to the world economy.

Those countries have little natural resources in proportion to their populations, and they do not have the educational and organizational prowess to earn enough foreign exchange to support a high standard of living.

2 replies

= new reply since forum marked as read

Highlight:

The Berlusconi Effect: Political Gridlock Wins Italian Elections (Original Post) FarCenter Feb 2013 OP

The euro needs to go. Benton D Struckcheon Feb 2013 #1

Whoa. Italy not having a stable government? Nye Bevan Feb 2013 #2

Benton D Struckcheon

(2,347 posts)

1. The euro needs to go.

Reply to FarCenter (Original post)

Mon Feb 25, 2013, 09:15 PM

Feb 2013

The more local the currency, the better. Period.
This was by a wide margin the stupidest economic idea of the twentieth century.

Nye Bevan

(25,406 posts)

2. Whoa. Italy not having a stable government?

Reply to FarCenter (Original post)

Mon Feb 25, 2013, 09:17 PM

Feb 2013

Whoever could have predicted that?

Reply to this discussion

Latest Discussions»General Discussion»The Berlusconi Effect: Po...