Word: moro
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Dates: during 1960-1969
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...month rule of Premier Aldo Moro's coalition government reads like The Perils of Pauline. The experts were certain Moro would be brought down by strikes, growing inflation, the faltering economy or just the incompatibility of his coalition partners-the Socialists and the Christian Democrats. But, just like Pauline, the Moro government survived every major crisis and even began to have a look of permanence. Then, last week, as Italians put it, the coalition slipped on a "buccia di banana"-banana peel. On a minor vote on what had not even been a political issue, Moro's government...
...provision of $238,000 in aid to private schools, which are mostly Roman Catholic. The Socialists, led by Veteran Pietro Nenni and, as always, anticlerical, abstained. But this time they were joined in their abstention by an odd lot of Communists, Liberals, Monarchists and Neo-Fascists. Even worse for Moro, at least ten of his own Christian Democratic Deputies left the chamber before the roll call. As a result, the government fell four short of a majority...
Understandably annoyed, Moro handed his resignation to President Antonio Segni, who accepted conditionally but asked Moro and his Cabinet to remain in office until a new government could be formed. It may take some doing, since Moro has long been under fire from right-wing members of his Christian Democratic Party, who resent the "opening to the left" through which Moro brought the Socialists into the government. Socialist Nenni has been under equally sharp fire from leftists who charge that he has given in to Moro time after time on what were fundamental Socialist demands...
Conceivably, President Segni could call for new national elections. What seems more likely, however, is that Moro's caretaker Cabinet will continue its somewhat bumbling rule until it can rearrange another center-left coalition to continue nursing the inflation-weakened Italian economy, which was recently stabilized by an infusion of $1.2 billion in foreign credits...
...Italy, Economist Guido Carli, governor of the central bank, has prescribed strong medicine for the country's debilitating inflation. With the patchwork government of Premier Aldo Moro too weak to take effective action, Carli on his own tightened credit and restricted borrowing from abroad. A convincing negotiator, he was called upon by Moro to persuade socialists and labor leaders to temper their own wage demands and agree to reduced government spending. One result of Carli's influence: Italy's trade balance is improving for the first time in two years...