Italy parties seek way out of election stalemate

Comments (25)
maggiemai wrote:

Can’t the Italian women use their vote to keep that idiot Berlusconi away from decisions on running the country. You must be MAD to even think about voting for him.

Feb 25, 2013 8:43pm EST  --  Report as abuse
breezinthru wrote:

The Eurozone, other governments around the world and most powerful international bankers in the world have literally trillions of US dollars/Euros at stake in this.

In the pseudo-American Wild West, a cigar-smoking bounty hunter would be quietly and relentlessly stalking this Berlusconi fella. I wonder if Berlusconi’s media empire is featuring any old Spaghetti Westerns right now.

I’ll bet not.

Feb 25, 2013 8:51pm EST  --  Report as abuse
CDN_Rebel wrote:

Just when I think the EU can’t shoot themselves in the foot any worse this happens. There should be SOME threshold for being able to run for elections, because when I see a has-been comic and a disgraced criminal taking nearly 50% of the vote I feel ashamed for the nation in question. If you want to protest, turn off the fixed football match and take to the streets – don’t send an economy on the brink over the edge by voting for people who should have no claim to rule. I swear next election should have that jackass cruise ship captain run, maybe he can grab 10% of the vote!

Feb 25, 2013 11:28pm EST  --  Report as abuse
GiannisL wrote:

The beauty of democracy is that 70 million people have the right to even vote for a comedian and the cavalier. You don’t stand tall in the political arena by throwing numbers and cleverness. Life is not only about fiscal engineering and strict accountancy. It might fit German society but definitely it is not the state of things for the rest of Europe. Life is about living. People know all about it, especially med people which are lovers more than fighters. Have anyone wondered if sovereign credit rating wasn’t allowed and all Europe was able to borrow at the lowest cost, without spreads, if this deadlock would ever had occurred

Feb 26, 2013 12:37am EST  --  Report as abuse
randburg100 wrote:

It is beyond comprehension that ANYONE would vote for that cretinous clown berlusconi!

The sad part is that everyone pays -literally – for the idiocy of the Italian electorate! They’ve had more governments than I’ve had clean socks – their “parliament” or nut house as it’s called elsewhere has a revolving door & a supply of rubber rabbits & straitjackets! Do they realise how ridiculous this farce is making them look?

Though it has to be said we in the UK have our own numpties – a civil partnership between 2 consummate liars, after a string of liars – Camoron & Clegg.

It has to be said that the US hasn’t escaped – being saddled by a ‘president’ who airbrushes or should that be ‘whitewashes’ his own history…

Feb 26, 2013 12:45am EST  --  Report as abuse
EastBerlin wrote:

I lived in Italy for three years, (Germany for five). It would take hours and hours of typing to tell about what is considered normal by Italians that we from the US would consider unacceptable in doing business. Weeks or months to get a phone installed. Bribes for many things. Slow everything. Tires for my car took a week to get. Warehouse was 6 miles away. Next tires I ordered from Indiana on a Friday, they were at the post office in Italy on Monday and cost 25% less!!!!

Feb 26, 2013 1:31am EST  --  Report as abuse
DeSwiss wrote:

Complimenti al Movimento a 5 stelle!

POPOLO DELLA TERRA UNITE!

Feb 26, 2013 2:47am EST  --  Report as abuse
TommyPaine wrote:

Merkel and her Euro-buddies forced out Berlusconi, installed their puppet Monti and applauded Italy’s new austerity. One would have thought that Germany learned long ago about the dangers of installing their puppet in Italy.

Feb 26, 2013 3:30am EST  --  Report as abuse
TommyPaine wrote:

The “Tea Party” in the U.S., the “Arab Spring” sweeping the Maghreb and Middle East, and the “5-Star Movement” in Italy all have different “political agendas” but are, at their hearts, manifestations of the same thing: grass roots frustration with the failure of the professional political class which has been more interested in self-aggrandizement (both power and money) than with attending to the needs of real people.

All of these revolutionary movements were made possible by new media. Because they were built out of frustration, rather than built upon an agenda rooted in political viability, all seem destined to failure rather than to accomplishing the goals for which they were formed.

Feb 26, 2013 3:39am EST  --  Report as abuse
DeanMJackson wrote:

The article reads, “Even if the next government turns away from the tax hikes and spending cuts brought in by Monti, it will struggle to revive an economy that has scarcely grown in two decades.”

A result of low interest rates, which naturally discourage savings for investment, since the return (interest on savings) is low, a [low interest rate] monetary policy that was continued by the European Central Bank (ECB), with disastrous results for the European Union as a whole. So why would Merkel and the ECB want to destroy the EU, is the question?

Because if the EU goes, so goes NATO, and Merkel’s Communist allies in Moscow wants NATO consigned to the dust bin. For those of you still clueless, the “collapses” of the USSR/East Bloc were disinformation operations under the “Long-Range Policy” (LRP), the “new” and more subtle strategy all Communist nations signed onto in 1960 to defeat the West with.

Feb 26, 2013 4:20am EST  --  Report as abuse
ofilha wrote:

Italy shows itself as the clown of Europe.

Feb 26, 2013 6:32am EST  --  Report as abuse
pbgd wrote:

Not to worry. In Italian politics such situations are normal. After all, this is the country that had fifty governments since the war. Everything gets shaken up a bit, and soon they will rearrange themselves so that everybody finds a little place again at the big feeding trough.

Feb 26, 2013 6:55am EST  --  Report as abuse
EU_Hold_On wrote:

As long as this beautifull contry will be held by such mafiosos no hope is on sight.

Even if honest Italian people don’t vote for Berlusconi, as in Russia he’ll still get re-elected by 101% of voters.

Feb 26, 2013 7:48am EST  --  Report as abuse
Whittier5 wrote:

Are “investors” really as stupid as this?

Are Italians really this bent on self-destruction?
Berlusconi?? Far worse than Romney! Not as bad a Bush43.

Feb 26, 2013 8:32am EST  --  Report as abuse
reality-again wrote:

“Spooked by the events in Italy”? -
Wait till you see how the sociopolitical crisis unfolds in France, which hasn’t even begun to tackle its problems for real.

And if you think that in September German voters would agree to foot the bills for Italy, Spain, Greece, France, Portugal etc, think again. -Would you agree to such a thing if you were asked to?

Btw, is it even possible for Germany to save these other European countries?

Feb 26, 2013 8:47am EST  --  Report as abuse
cbj wrote:

I suspect that the world has found some sort of equilibrium between the emotional and the logical. . . and not in a good way.
We seem to be stuck in a bi-polar world where emotionally we want what we want and don’t want to pay for it and know that we have to find a way to pay for what we want. So, on Mondays, Wednesdays and Fridays we rack up debt and then scramble about on Tuesdays and Thursdays trying to pay for it and on Saturdays and Sundays they both party like rock stars.
It’s like having one Army being run by two Consuls that trade off odd and even days. After Cannae you’d think Italy would know how that’s going to turn out.

Feb 26, 2013 10:42am EST  --  Report as abuse
Whittier5 wrote:

Except for the Berlusconi factor, I do not know what everyone is worried about. The great news in this is that German/Austrian Austerity is being thrown out, as it is in France.
You cannot grow an Economy by “eating your children” – the very definition of the Austrian Austerity (and teawhackadoo) economic theory. It has been shown repeatedly, yet fearful “conservatives” continue to cling to it – and try to scare everyone else to death, if the challenge their mindset.

Feb 26, 2013 11:31am EST  --  Report as abuse
Binary wrote:

Spooked by the Italians, huh? Doesn’t take much then, does it? Perhaps if traders are that easily intimidated, they should seek life elsewhere?

Feb 26, 2013 11:45am EST  --  Report as abuse
cbj wrote:

Whittier5,
You do understand that Keynesian economics is embraced by politicians because it allows them to spend money today that will be made tomorrow long after they are out of office.
Of course, if one can rack up enough debt then they become ‘too big to fail’ and everyone will try to prop up the house of cards with further borrowing and to what point? Does the bill ever become due?
Consumption economics only works as long as the music never stops and the hot potato keeps getting tossed to the next person (intentional mixed metaphor). The music always stops.

Feb 26, 2013 12:54pm EST  --  Report as abuse
Whittier5 wrote:

cbj,
You do understand that your comment has no merit in RealityLand.
Keynesian economics has never been implemented, except perhaps on a very limited scale. Certainly, not in the US. If you think otherwise, you have been mis-informed.

Keynesian economics is embraced by most economists because they can model that it would work if implemented. However, there are too many politicians with your mindset. So, a Keynesian model is never implemented.

The “music always stops” because De-Regulation nutz allow Greed and Corruption to takeover the system. That is what caused this GOP Great Depression, which has sunk the economies of the entire World.
If you believe otherwise, you haven’t done your reading.

Feb 26, 2013 2:38pm EST  --  Report as abuse
cbj wrote:

Whittier5,
Are you kidding?
Keynesian economics are the foundation of governments attempt at spending its way to prosperity. It is based on the government taking the slack when consumers (key word here) ‘temporarily’ reduce consuming. You do understand that regardless of which theory is used that ALL economics are consumption based, no?
Regulation is always a ‘speed bump’ on business growth regardless of how necessary that regulation may be. See, there are NO solutions only trade-offs. We are willing to suffer the ‘speed bump’ imposed by regulation of the meat packing industry in order to enjoy somewhat safer food supply (no regulation is 100% safe, so yes, I hedge my bets).
The problem is when government institutes regulation inorder to promote a ‘social agenda’. Sort of like subsidising the dairy industry. The current price has no relationship to the cost and so the games begin. Multiply this seemingly well intended program and then the wheels start to shake and the cart begins to wobble so that when the wheels do come off at the next crisis you get to blame the feathers weight that was last attached as opposed to the deep load it was saddled with.
Europes social spending has been going on for generations and with the aging demographic shift (predicted since the 70′s as Germany noticed the declining birth rate of German citizens and tried to entice larger famlies with a tax bonus) is no longer sustainable and you want to blame the GOP?
Perhaps You should read a bit
http://online.wsj.com/article/SB10001424053111903596904576516412073445854.html

Feb 26, 2013 3:27pm EST  --  Report as abuse
dareconomics wrote:

I think the most likely outcome is a coalition between Bersani and Berlusconi. Though with Bunga, you never know.

http://dareconomics.wordpress.com/2013/02/26/key-takeaways-from-italian-election/

Feb 26, 2013 4:50pm EST  --  Report as abuse
Whittier5 wrote:

cbj,
No, I am not kidding; and you have just proven that you have no idea what your are talking about. “Keynesian economics” may be “the foundation of governments attempt at spending its way to prosperity.”
But, it ain’t happening. In the US, we are currently employing Friedmanian Economics and Laffer Economics in the past Admin. Neither work – obviously.

Europe’s “social spending” has little to do with their current crises. And, yes, the GOP is to blame because it was their idiotic policies that allowed US & UK Big Banks & Brokerages to drive our Collective Economies into the Ditch.
The WSJ certainly isn’t going to admit to that. I’ve done my reading. Your turn. Shouldn’t take you more than 12-18 months.

Feb 26, 2013 6:23pm EST  --  Report as abuse
MikeBarnett wrote:

Italy’s GDP fell 2.3% in 2012, so they voted for a comedian and a crook. They can laugh while they starve. They can blame somone else. To err is human; to blame someone else is even more human.

Feb 26, 2013 6:31pm EST  --  Report as abuse
cbj wrote:

Really?
http://www.npr.org/templates/story/story.php?storyId=100018973

What was the entire FDR plan based on if not Keynesian theory?

As to your idea that the GOP policies caused this?
It really started with Fannie and Freddie and Barney and the Dems.
http://online.wsj.com/article/SB122212948811465427.html

Look, Europe has had economic difficulties all through history. You can’t blame the European recession of the 90′s on the GOP. Sure, government spending gives a temporary solution but it really masks the problem. It is a weak foundation. This is why when something like the mortgage crisis occurs it has such a large impact-because so many are dependant on government borrowing money, nevermind paying it back.

“Politicians took the Keynesian message that government spending can be good and ran with it. They paid for the war on poverty and the war in Vietnam. They sent a man to the moon. All the while, they piled up the federal budget deficit, convinced that Keynes gave them a free pass.”
It’s NPR so you should find it acceptable.
Again-no solution, only trade offs.
Go read your Krugman.

Feb 27, 2013 11:40am EST  --  Report as abuse
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