News / Europe

Italian Senate Vote Marks Beginning of End for Berlusconi

Italian Prime Minister Silvio Berlusconi (File)
Italian Prime Minister Silvio Berlusconi (File)
Henry Ridgwell

The euro debt crisis looks set to claim its biggest scalp after the Italian senate approved a broad range of austerity measures Friday, paving the way for Prime Minister Silvio Berlusconi to resign. A 68-year-old adviser for Goldman Sachs Group Inc., Mario Monti is a leading candidate to take over - but  the newcomer has already provoked some critics before he’s even confirmed in the job.

The Italian senate passed the package of austerity measures by 156 votes in favour to just 12 against. The lower house is due to vote on the same bill Saturday. If it passes there, Prime Minister Berlusconi has vowed to step down - perhaps as soon as the weekend.

Italy’s longest-serving post-World War II leader has indicated he would back a unity government, likely to be led by former European Union commissioner Mario Monti.

James Walston of the American University of Rome says investors desperately want to see such sweeping changes.

“I think that Mario Monti is the person that the markets are waiting for. The former EU commissioner, he’s been dealing with competition policy, he’s internationally respected, he’s a very good economist. I think it will bring stability. He will have to face a lot of challenges and it’s not going to be easy,” Walston said.

The current austerity measures are aimed at saving almost 60 billion euros from spending cuts and tax rises.
Public sector salaries would be frozen until 2014.

The retirement age for women would gradually be raised towards 65.  Sales taxes would increase to 21%. And cash transactions would be limited to 2,500 euros in a bid to target tax evaders.

Economist Nicola Borri says only a unity government run by a non-political figure could hope to implement such austerity on the Italian people.

“Even in parliament, there are quite large groups of people on both sides that believe these reforms are important, that they should be implemented, but these people do not have enough political power to put them forward. And so the hope is that this person who’s not going to run in the future might be able to do the dirty job. He is going to pass these reforms, maybe people are going to hate him for a little bit but he doesn’t care too much and so these reforms will be in place, ” Borri said.

Markets may approve - but there are many dissenting voices. Newspaper columns and blogs are buzzing with claims that Mario Monti is being imposed on Italy by the European Union.

“There is a serious concern about democracy because people feel that some measures are imposed from above coming from the euro. In Italy, still they remember the euro problem when the prices doubled in the changeover [from the lira] so the euro does not have an exceptional reputation here,” said. Claudio Borghi, a columnist with the Milan-based ‘Il Giornale’ newspaper.

The accusations that the EU is undermining Italy’s sovereignty echo those made in Greece, where a new so-called technocrat Prime Minister, Lucas Papedemos has been sworn in to usher through further rounds of spending cuts.

But such is the gravity of the debt crisis, the European Union insists economic stability must come first.

You May Like

HRW: Egypt's Trial of Morsi ‘Badly Flawed’

Human Rights Watch says former Egypt leader's detention without charge for more than three weeks after his removal from office violated Egyptian law; government rejects criticism More

Photogallery Lancet Report Calls for Major Investment in Surgery

In its report published by The Lancet, panel of experts says people are dying from conditions easily treated in the operating room such as hernia, appendicitis, obstructed labor, and serious fractures More

Music Industry Under Sway of Digital Revolution

Millions of people in every corner of the Earth now can enjoy a vast variety and quantity of music in a way that has never before been possible More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Study: Insecticide Damaging Wild Bee Populationsi
X
April 24, 2015 10:13 PM
A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.
Video

Video Study: Insecticide Damaging Wild Bee Populations

A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.
Video

Video Data Servers Could Heat Private Homes

As every computer owner knows, when their machines run a complex program they get pretty hot. In fact, cooling the processors can be expensive, especially when you're dealing with huge banks of computer servers. But what if that energy could heat private homes? VOA’s George Putic reports that a Dutch energy firm aims to do just that.
Video

Video Cinema That Crosses Borders Showcased at Tribeca Film Festival

Among the nearly 100 feature length films being shown at this year’s Tribeca Film Festival in New York City are more than 20 documentaries and features with international appeal, from a film about a Congolese businessman in China, to documentaries shot in Pakistan and diaspora communities in the U.S., to a poetic look at disaffected South African youth. VOA’s Carolyn Weaver has more.
Video

Video UN Confronts Threat of Young Radicals

The radicalization and recruitment of young people into Islamist extremist groups has become a growing challenge for governments worldwide. On Thursday, the U.N. Security Council heard from experts on the issue, which has become a potent threat to international peace and security. VOA’s Margaret Besheer reports.
Video

Video Growing Numbers of Turks Discover Armenian Ancestry

In a climate of improved tolerance, growing numbers of people in Turkey are discovering their grandmothers were Armenian. Hundreds of thousands of Armenians escaped the mass deportations and slaughter of the early 1900's by forced conversion to Islam. Or, Armenian children were taken in by Turkish families and assimilated. Now their stories are increasingly being heard. Dorian Jones reports from Istanbul that the revelations are viewed as an important step.
Video

Video Migrants Trek Through Western Balkans to Reach EU

Migrants from Africa and other places are finding different routes into the European Union in search of a better life. The Associated Press followed one clandestine group to document their trek through the western Balkans to Hungary. Zlatica Hoke reports that the migrants started using that route about four years ago. Since then, it has become the second-most popular path into Western Europe, after the option of sailing from North Africa to Italy.
Video

Video TIME Magazine Honors Activists, Pioneers Seen as Influential

TIME Magazine has released its list of celebrities, leaders and activists, whom it deems the world’s “most influential” in 2015. VOA's Ramon Taylor reports from New York.
Video

Video US Businesses See Cuba as New Frontier

The Obama administration's opening toward Cuba is giving U.S. companies hope they'll be able to do business in Cuba despite the continuation of the U.S. economic embargo against the communist nation. Some American companies have been able to export some products to Cuba, but the recent lifting of Cuba's terrorism designation could relax other restrictions. As VOA's Daniela Schrier reports, corporate heavy hitters are lining up to head across the Florida Straits - though experts urge caution.
Video

Video Kenya Launches Police Recruitment Drive After Terror Attacks

Kenya launched a major police recruitment drive this week as part of a large-scale effort to boost security following a recent spate of terror attacks. VOA’s Gabe Joselow reports that allegations of corruption in the process are raising old concerns about the integrity of Kenya’s security forces.
Video

Video Japan, China in Race for Asia High-Speed Rail Projects

A lucrative competition is underway in Asia for billions of dollars in high-speed rail projects. Cambodia, India, Indonesia, Malaysia Thailand and Vietnam are among the countries planning to move onto the fast track. They are negotiating with Japan and the upstart Chinese who are locked in a duel to revolutionize transportation across Asia. VOA Correspondent Steve Herman in Bangkok has details.
Video

Video Scientists: Mosquitoes Attracted By Our Genes

Some people always seem to get bitten by mosquitoes more than others. Now, scientists have proved that is really the case - and they say it’s all because of genes. It’s hoped the research might lead to new preventative treatments for diseases like malaria, as Henry Ridgwell reports from London.
Video

Video Bible Museum Coming to Washington DC

Washington is the center of American political power and also home to some of the nation’s most visited museums. A new one that will showcase the Bible has skeptics questioning the motives of its conservative Christian funders. VOA religion correspondent Jerome Socolovsky reports.
Video

Video Armenia and Politics of Word 'Genocide'

A century ago this April, hundreds of thousands of Armenians of the Turkish Ottoman empire were deported and massacred, and their culture erased from their traditional lands. While broadly accepted by the U.N. and at least 20 countries as “genocide”, the United States and Turkey have resisted using that word to describe the atrocities that stretched from 1915 to 1923. But Armenians have never forgotten.
Video

Video Afghan First Lady Pledges No Roll Back on Women's Rights

Afghan First Lady Rula Ghani, named one of Time's 100 Most Influential, says women should take part in talks with Taliban. VOA's Rokhsar Azamee has more from Kabul.
Video

Video New Brain Mapping Techniques Could Ease Chronic Pain

From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.

VOA Blogs