Word: milan
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Dates: during 1980-1989
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...insults, and with that, the Prime Minister's authority dissolved. Spadolini called for the resignation of the battling ministers. They balked; in the tradition of Italian coalition politics, Cabinet members serve as representatives of parties, not at the pleasure of the Prime Minister. In despair, Spadolini resigned. Lamented Milan's Corriere della Sera in a front-page editorial: "What we now have is not an ordinary government crisis. . . but the greatest...
...political power in Italy unleashed such a furor that high military and security officials whose names were found on the rolls were forced to resign; so was Prime Minister Arnaldo Forlani, though he was not a P2 member. Gelli's name was also linked to the collapse of Milan's Banco Ambrosiano, whose president, Roberto Calvi, was not only a member of P2, but was believed to be the lodge's paymaser, allegedly funding right-wing Latin leaders who were friends of Gelli...
...Blackfriars Bridge, his toes just touching the surface of the muddy Thames. The dead man's pockets contained some $13,000 in various currencies, as well as 12 lbs. of bricks and stones. He was identified as Roberto Calvi, 62, the president of Banco Ambrosiano of Milan, the largest private banking group in Italy, with operations in 15 countries. Authorities in Italy, in the Vatican and throughout the international banking community were stunned by the news. Calvi, who had disappeared mysteriously from Italy a week earlier, was the architect of a financial house of cards, and his death brought...
...Bank of Italy ordered him to put his confusing array of banks under the single name of Ambrosiano. Some Italians also became nervous about another Calvi acquisition: his purchase of 40% interest in Italy's 73-year-old Rizzoli publishing company and with it a piece of the Milan-based Corriere della Sera, Italy's largest, most respected daily newspaper. Businessmen who were already uneasy about Calvi's connections with the Vatican feared that he might turn the independent Corriere to his own purposes, perhaps to punish his enemies with unfavorable coverage or commentary. Some Italians believe...
...strip Calvi of his powers, and the Bank of Italy appointed a commission to run Ambrosiano. That same day, Graziella Corrocher, 55, Calvi's longtime secretary-who, says Sindona, also kept the books for P2-plunged to her death from the fourth floor of the bank's Milan headquarters. She left behind an apparent suicide note saying, "May Calvi be double-cursed for the damage he has caused to the bank and its employees...