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Repercussions from the surge of the dollar were political as well as financial. In Rome, Italian Prime Minister Bettino Craxi called a special meeting of several Cabinet ministers to discuss what could be done to protect the lira. Said Lamberto Dini, the director general of the Bank of Italy: "Everyone is concerned, both in Italy and in Europe, because what is emerging is an unsustainable pattern of exchange rates." During her scheduled meeting with President Reagan in Washington this week, Britain's Prime Minister Margaret Thatcher intends to press for assurances that the Administration will take early steps...

Author: /time Magazine | Title: The Dollar As King Currency | 2/25/1985 | See Source »

Within hours of the explosion, Prime Minister Bettino Craxi convened a special meeting of government officials in Bologna to discuss the crime. The attack, the Prime Minister said, was the product "not of madness but of something more: a diabolical logic that directs itself against our country...

Author: /time Magazine | Title: Italy Tunnel of Death | 1/7/1985 | See Source »

Italy's big loser was Prime Minister Bettino Craxi, whose Socialist Party lost .2% from its 11.4% score in 1983. Craxi in effect had won the Prime Minister's job last Aug. 4 by threatening to force new elections on the reluctant Christian Democrats, who feared a further setback. Now such pressure may not have the same effect: Craxi's days in power could be numbered if the Christian Democrats decide to bring him down. The decline of smaller center groups left the Christian Democrats and the Communists, known in Italy as the "two whales," to continue...

Author: /time Magazine | Title: Europe: Scowling Voters | 7/2/1984 | See Source »

...Minister Margaret Thatcher's demand for a refund on her country's outsize contribution to the Community's budget. Though Thatcher cut her demand to $1.12 billion and Mitterrand sweetened his offer to $935 million, the gap could not be bridged. Thatcher, grumbled Italian Prime Minister Bettino Craxi, "used to be the Iron Lady. Now she is Mme. Nyet...

Author: /time Magazine | Title: France: Hail the Beleaguered Hero | 4/2/1984 | See Source »

...Instead, it seems that terrorism may be once again on the rise in Italy. Shortly before Hunt's assassination, a repentant Red Brigades leader warned on national television that the organization is "alive and they will strike in Rome." On the day of the Hunt killing, Prime Minister Bettino Craxi sent a report to parliament on the growing danger of resurgent terrorism in Italy linked to the turmoil in the Middle East...

Author: /time Magazine | Title: Terrorism: Alive and Well | 2/27/1984 | See Source »

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