Word: sottogoverno
(lookup in dictionary)
(lookup stats)
Dates: during 1976-1976
Sort By: most recent first
(reverse)
...Communists have already indicated that they will seek legislation to crack down on tax evaders. They also want better pay for police, more schools and hospitals and a cutback on the sottogoverno, the maze of inefficient governmental agencies. Andreotti can accept most of the Communist proposals, although Zaccagnini warned Christian Democratic leaders last week "to avoid the danger that the parliamentary vote will constitute in fact that majority which we excluded on a political plane." Bluntly, that meant they had to watch against the Communists grabbing command of the lawmaking process and slipping into the government via the parliamentary back...
...Accounting. Had the Lockheed scandal not surfaced, this dismal performance might have gone unnoticed. Traditionally the top managers of state-owned corporations have formed a sottogoverno (subgovernment) that runs their enterprises with so little supervision that they do not even bother to keep the public or the official government up to date on what they are doing. Earlier this month, for example, the giant Institute for Industrial Reconstruction (I.R.I.), which controls 15% of all Italian industry, got around to releasing its consolidated balance sheet-for 1974. If the manager of a state-owned enterprise blundered, the government would quietly come...
Critics of the sottogoverno are now sounding off in the press and Parliament. No one has suggested that mixed capitalism cannot work. Quite the contrary: widely supported legislation is being prepared to provide some $5.2 billion in state grants to the companies so that they can do more to stimulate Italy's still sagging economy. But public pressure is forcing new ground rules. A special parliamentary commission recently recommended that state corporations stop obscuring their operations by setting up new financial holding companies. Instead, they should start reporting directly to a new parliamentary committee with broad supervisory powers...
| 1 |