Word: moros
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...while, the balance of trade deficit, it was also announced, increased by $1.5 billion in the year's first quarter, equivalent to the total deficit for all of last year, and imports will be severely curbed as a result. In an emergency late-night Cabinet meeting, Caretaker Premier Moro reimposed crushing restrictions on foreign exchange movements. Among other measures, Italian travelers, who are already allowed to take only $555 out of the country, henceforth must deposit half of that amount with the government 90 days ahead of any trip. That could make for a crowded summer in Italy, with...
...stage was thus set for the most critical election Italy has faced in 30 years, one that would not only absorb 35 million Italian voters but also be closely watched throughout Europe and in much of the rest of the world as well. The same issues that toppled Moro-the weakened lira, rising inflation, unemployment and scandal-will be refought in the campaign. But the overwhelming issue facing the country is quite clear: Whether Italian voters, with their country's traditional center-left politics at a point of impasse, are prepared finally to allow the Communists to share national...
...finally the Moro government made its exit. "I have tried to avoid an alarming pause in the administration of power," said Moro, adding that he could no longer withstand the opposition he received. Without even bothering to call the confidence vote-defeat was, after all, a certainty-the Premier held a crisp last meeting with his Cabinet, then set off in his blue Alfa Romeo to tender his resignation to President Giovanni Leone at the Quirinale Palace. There Moro requested the showdown that he had maneuvered for weeks to avoid and that he had called "not our choice...
There was apprehension but not much suspense last week as a weary Premier Aldo Moro opened a two-day Chamber of Deputies debate over the economic policy of his minority Christian Democratic government. The debate, leading toward a showdown vote of confidence, was to some extent a preplanned move to end a long-smoldering political crisis by killing off Moro's crippled one-party government. Battered by economic distresses, bribe scandals, and a spreading fight over legalized abortion, the 75-day-old government was moribund; even friendly opponents refused to vote for its survival and other politicians chided...
...resignation last week of Italian Prime Minister Aldo Moro means that general elections will be held this June, elections which may determine the shape of Italy's political future. The Communist Party (PCI) is likely to emerge as the largest political force in the country, ending nearly three decades of Christian Democratic dominance. If it wins a plurality, the PCI would be able to demand a share of political power and cabinet representation...