Word: guidos
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ITALY. With inflation running at a 21% rate in 1980, Italy's key exports, such as textiles and shoes, are rapidly becoming uncompetitive in world markets. Guido Carli, president of the European Community's Union of Industries and former governor of the Bank of Italy, foresees no growth in the Italian economy this year, after a comparatively robust 4% rise in 1980. The slump should slow inflation to about 16% by next December...
Friends and family members refused at first to believe that the six could be terrorists. One of the incredulous was La Repubblica Reporter Guido Passalacqua, 37, who was wounded in Milan last May by the same gun that killed Tobagi. Last week when police showed him pictures of his accused attackers, Passalacqua recognized two of them. Said he, pointing to a photograph of Giordano: "But he's a friend of mine. We've had dinner together many times. He's a friend. I don't understand .'' He was not alone...
...government spending and championed a calm, "steady as she goes" policy. Increases in unemployment, which is already at levels unknown in Europe since World War II, are viewed as an inevitable consequence of slower economic growth. But they are considered little threat to social stability. Said Italy's Guido Carli: "Unemployment is less important than it was in the past, provided that it is not geographically concentrated...
That shooting in downtown Rome, carried out by a member of the dreaded Red Brigades, was one of three brazen assassinations of Italian judicial officials last week. Terrorists also gunned down noted Jurist Guido Galli in a corridor of Milan University and killed State Prosecutor Nicola Giacumbi as he walked home with his wife in Salerno. The resurgence of terrorist violence (18 victims this year) has heightened national tensions to a more alarmed level than at any other time since the kidnap-murder of Politician Aldo Moro nearly two years ago. Last week public morale received a further blow when...
...other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.'' In this huge worldwide market, currencies can be traded almost instantly and without restraint. This fosters monetary instability, and since the dollar is such a large part of the system, the instability can drive down the value of the buck. Private bankers and corporate finance officers can wildly exaggerate any currency's weakness and cause its value to plummet as they unload billions...