Italy’s Taxing Election
MILAN – A winter election is not to Italian tastes. But, on February 24-25, up to 50 million voters will go to the polls to elect a new parliament, delivering Italy’s 62nd government in the last 65 years.
Since November 2011, Italy has been led not by a politician, but by an academic economist and a former European Union commissioner, Mario Monti. His emergency technocratic government, supported by the left and right, was a masterstroke of outgoing President Giorgio Napolitano.
Napolitano’s move was crucial, filling Italy’s need to replace the inefficient and scandal-ridden Silvio Berlusconi, in whom fellow leaders and global markets had lost all confidence, with an internationally respected figure. Under Monti’s leadership, reforms were finally initiated and markets were calmed.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one? Log in