Word: lira
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Since Fanfani took over last year, Italy's postwar economic renaissance has boomed faster than ever. National output rose 7% last year, investment 20%, consumer demand 10%. Italy has curbed inflation and made the lira good as gold, piled up some $3 billion in balance-of-payments credits. TV sets are almost as common as cars. An economics professor who still takes time off from his duties as Premier to teach at Rome University, Fanfani is making a vigorous attack on the sectors that have not fared so well in Italy's resurgence. He pushed through Parliament...
...called Partinicio, where the population's "650 years at school ... is balanced by a total of more than 3000 years spent in prison." As in the rest of Sicily, hunger and unemployment drive men to crime, and Dolci says it is typical that, though four and a half billion lira were spent in nine years on police measures, "no one has lifted a finger to utilize the waters of a neighboring stream which, properly harnessed, would provide work for everyone...
...victory has been welcomed by Turkey's moderates. Ex-President Ismet Inonu, still leader at 76 of the old opposition Republican People's Party, told friends he was "delighted." But in the prevailing atmosphere of uncertainty, business is at a standstill, and hoarding is widespread (1,000-lira notes have virtually disappeared from circulation). Businessmen complain that government officials are so afraid of being charged with dispensing favors that they are reluctant to sign the simplest document involving money. The trials of Menderes & Co. are still going on in low gear at Yassiada island, but because of mismanagement...
...long-jawed lawyer from the mountain town of Ascoli Piceno. Dour and taciturn, Fernando Tambroni, 58, is a staunch conservative who has been in and out of Christian Democratic governments for seven years, most recently as the Finance Minister whose hardfisted fiscal policies have helped make the lira one of the world's soundest currencies. On his first try over three weeks ago, Tambroni offered a rightist Cabinet dependent on neo-Fascist votes in the Assembly, but many of his fellow Christian Democrats found such a naked lash-up with the Fascists obnoxious...
Chile's Hernán Videla Lira raised the menace of Red trade. "Moscow," he said, "has definitely stated that it is attempting the economic conquest of the free world and, in this way, imposition of its political conditions." But despite hundreds of proposed deals-including 176 to Brazil alone in 1958-Iron-and Bamboo-Curtain trade runs around only 1% of Latin America's total. And Communist loans to all of Latin America so far total only...