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Will Parmalat become Italy's Enron, a crisis that leads to business reform? Don't bet on it. Yes, the government of Prime Minister Silvio Berlusconi amended Italy's antiquated bankruptcy rules to protect Parmalat from creditors, and the government plans to merge a plethora of regulators into a single agency with real teeth. But the credibility of these efforts is being undermined by Berlusconi himself, Italy's richest man. For instance, last year the government reduced the penalties for false accounting, an offense for which Berlusconi was indicted in 1999. Also, to avoid bribery charges, he pushed through...

Author: /time Magazine | Title: World Briefing: Jan 26, 2004 | 1/26/2004 | See Source »

...looming pension crisis. But most Europeans haven't yet meshed the need for immigrants with a willingness to integrate them into society. Across Europe, the political momentum is with those who want immigration stopped, period. Umberto Bossi, leader of the far-right Northern League, which is part of Silvio Berlusconi's governing coalition, said earlier this month that housing in Milan should go to native Italians "and not to the first 'bingo bongo' who comes along." In Rotterdam, the party started by slain anti-immigration politician Pim Fortuyn now controls the municipal council of a city in which more than...

Author: /time Magazine | Title: I Hear You Knocking | 12/14/2003 | See Source »

When 19 Italians were killed in Nasiriyah, they returned home to a dramatic public ceremony attended by Prime Minister Silvio Berlusconi. If Italy, why not America...

Author: /time Magazine | Title: Why Bush Stays Away | 12/8/2003 | See Source »

...eating - a man he met via the Internet, but claimed victim Bernd-Jürgen Brandes was a willing participant. Cannibalism is not a crime in Germany, so Meiwes is charged with murder for sexual satisfaction and disturbing the peace of the dead. Showdown Time? ITALY Prime Minister Silvio Berlusconi's government approved a media-reform law that critics say is tailor-made for the television mogul's business interests. The latest piece of controversial legislation would overturn a court decision forcing one of Berlusconi's three main TV channels to go to satellite, but could be rejected by President...

Author: /time Magazine | Title: World Watch | 12/7/2003 | See Source »

...With my heart in my mouth/Because your love is everything to me/I know you may make me suffer/But I'll never let you go." SILVIO BERLUSCONI, Italian Prime Minister, in a song he wrote for his newly released debut album of love ballads...

Author: /time Magazine | Title: Verbatim: Nov. 10, 2003 | 11/10/2003 | See Source »

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