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...President of the Italian Senate, Franco Marini has had some trying days lately. Last week he had to restore order in the august Senate chambers when the center-right opposition exploded in celebration after Romano Prodi's center-left government lost a decisive confidence vote, sealing its collapse. When two members of the National Alliance party popped bottles of spumante and waved slices of mortadella to mock Prodi - nicknamed "Mortadella" for his presumed resemblance to the pink sausage popular in his hometown of Bologna - the white-haired, pipe-smoking Senate President pounded his gavel and ordered Senate guards to immediately...

Author: /time Magazine | Title: Is Italy's Interim Government Stillborn? | 2/1/2008 | See Source »

...profits of over $11 billion. But BNP is hardly the only player contemplating exploiting Société Générale's troubles to acquire it at a bargain price. French bank Crédit Agricole is also reportedly studying a take-over bid, as are Italian rivals UniCredit, Anglo-Chinese HSBC, along with a few others...

Author: /time Magazine | Title: Rivals Eye SocGen Buy-Out | 1/31/2008 | See Source »

...chance, I would have spit in his face.' TOMMASO BARBATO, Italian Senator, about colleague Stefano Cusumano, who supported Prime Minister Romano Prodi in a confidence vote. Prodi lost the vote and resigned, ending Italy's 61st government since World...

Author: /time Magazine | Title: Verbatim | 1/31/2008 | See Source »

Waiting for Manteris at the Italian restaurant at Vegas' Red Rock resort, I was bummed I couldn't find someone to bet me what he would look like. Because I would have made a lot of money. He had a pinstriped suit, a faint beard, a faint paunch and a not-so-faint gold chain with an Eastern Orthodox cross, a Greek evil eye and a Hindu om. I was not sure I trusted an oddsmaker who wasn't willing to set a line on who would triumph at the apocalypse...

Author: /time Magazine | Title: The Stupid Bowl | 1/31/2008 | See Source »

This is how an Italian government ends. One-by-one, each Senator was required to say out loud whether he or she wanted the center-left government of Prime Minister Romano Prodi to stand or fall. It was the final evening act in a day's worth of high and low drama in the ornate chambers of the Italian Senate on Thursday. There were bombastic speeches by party members defying their leaders' orders on which way to vote. Former Justice Minister Clemente Mastella, who'd brought on the government crisis by yanking his support from Prodi, choked...

Author: /time Magazine | Title: How An Italian Government Falls | 1/24/2008 | See Source »

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