Word: einaudi
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Dates: during 1940-1949
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...over the country, workers and clerks spilled into the streets and squares, wearing the Torinos' badge encircled in black crepe. Pope Pius XII sent a message of condolence to the players' families. Mourned President Luigi Einaudi: "Horrifying disaster . . . Harsh blow for the entire nation...
...will of God be done," said Luigi Einaudi one day last week. He had just been told that he had been elected President of the new Italian Republic. "May Italians never have to reproach me for the pride that I feel at this moment." He had not sought the office. Then he thought of the inauguration to come next day. In consternation he exclaimed: "But I don't have a black suit-only this grey one and my tweeds...
President Einaudi had assets that outweighed the lack of a black suit. The frail 74-year-old economist was a nonparty man who (as Minister of the Budget) had masterminded devaluation of the lira last winter, checked Italy's inflation. He was the one man that Premier de Gasperi's Christian Democrats and their main parliamentary allies-the Saragat Socialists and the Republicans-could agree on. And, though he was antiCommunist, even the Reds joined the applause when Einaudi (in his grey suit) was sworn...
...Einaudi's rent-free residence for his seven-year term will be the Quirinal Palace, former home of Italy's kings. It is a huge, drafty place, full of heavy furniture, and President Einaudi feared that he would miss the simplicity of his snug little villa on the Via Tuscolana, with its book-lined walls and plain desk. He made a visit of inspection last week. Limping through the high-ceilinged rooms (his leg was injured in 1926 when, after a U.S. lecture tour, he tried to swing aboard a moving Turin streetcar, American fashion), he issued...
Nevertheless, some businessmen worried over the long-range dangers of the program. In making loans to businesses through the Fondo Industrie Mecaniche, there was grave danger that the government might gain control of so many companies that Free-Trader Einaudi would find he had no course but to set up a state-controlled economy. In this same fashion, Mussolini's state-run holding company (Istituto di Ricostruzione Industriale) had gained control of an enormous part of the economy...