Word: fanfani
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Dates: during 1960-1969
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From now on, when the Italians switch on the light, they will be doing business with the government. This is, after almost eight months, the one tangible achievement of Premier Amintore Fanfani's center-left coalition, the much-heralded apertura a sinistra...
...whole thing is simply a political payoff to the Socialists, who are not in the government but whose 88 votes in Parliament Fanfani needs to keep his coalition in office. The Socialists demanded nationalized power because it is part of their political dogma and because Pietro Nenni wants to prove to his own left wing and to the Communists that he is not being taken into camp by the bourgeoisie. Meanwhile. the things that Italy really needs -schools, roads, tax reform - remain vague promises...
...affected profits is hard to tell because Italian industrialists are experts at that old European game of "cooking the books"-keeping three sets of accounts, one for the tax collector, one for the stockholders, one for the company itself. But businessmen are concerned by the increasing leftism of Premier Fanfani and the nationalization of the electric power industry. Italy's industrial output is a remarkable 12% higher than a year ago, but manufacturers' new orders are slumping. Top Italian Economist Livio Magnani talks like a New Frontiersman: "We are going through a period of stagnation on high economic...
Late one night last week, after five hours of debate, the Cabinet of Christian Democratic Premier Amintore Fanfani announced plans to nationalize Italy's electric power industry. This was part of the price that Fanfani had agreed to pay for the parliamentary support of powerful fellow-traveling Socialist Pietro Nenni. Nenni, who frankly regards this as a step toward the end of free enterprise in Italy, has scored a real coup: Italy's power industry has more than doubled its output in the last decade (to 60 billion kilowatt-hours last year) and has prospered despite the fact...
...Segni has given away 250 acres of his own rich olive groves to landless peasants; in 1950, as Agriculture Minister, he sponsored a far-reaching system of national land reform. Politically, Segni is a moderate conservative who is not likely to stand in the way of reforms planned under Fanfani's opening to the left...