Word: prodi
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...veto, and also managed to win agreement on the need for further talks to define the limits of E.U. authority over member states - a concern that Berlin shares, in different ways, with Britain and France. The most telling response, perhaps, came from the European Union commissioner, Italy's Romano Prodi. "I cannot hide from you a certain regret that we did not manage to go further," Prodi told reporters at the summit's conclusion. And that's hardly surprising, coming from a man whose job it is to actually run the behemoth...
...learning, lowering taxes on labor and increasing the gap between what a person gets on welfare vs. on the job. Indeed, Europe's overall fiscal health and strong growth prospects present a golden opportunity to launch those moves. But like all other opportunities, it may be fleeting. Says Romano Prodi, head of the European Commission, the regulatory arm of the E.U.: "We must act now, because the challenges facing us cannot wait...
...ROMANO PRODI Tapped to be European Union's chief executive, a.k.a. top banana in the trade wars...
...that's not only because he's committed to a "caring capitalism" rather than any kind of socialism. "This government will pursue exactly the same economic policies as its predecessor," says TIME's Rome correspondent Greg Burke. "They're going to submit the same budget that brought down Romano Prodi, and this time it'll sail through...
...business as usual, why did Italy go through the trauma of trashing Prodi two weeks ago? "Because Italian politics isn't logical," says Burke. "Once again, you've got a very fragile government composed of nine parties, ranging from Communists to the center-right, each of them able to hold D'Alema hostage." In other words, don't bet that the 56th government in 53 years will restore Italy's one-government-per-year average...