Italian Prime Minister Silvio Berlusconi’s political and sexual exploits make headlines around the world, and not just in the tabloid press. These stories would be no more than funny – which they are certainly are – if they were not so damaging to Italy and revelatory of the country’s immobile politics.
ROME – Italian Prime Minister Silvio Berlusconi’s political and sexual exploits make headlines around the world, and not just in the tabloid press. These stories would be no more than funny – which they are certainly are – if they were not so damaging to Italy and revelatory of the country’s immobile politics.
For, despite the rampant scandals, “national Silvio” (“Il Silvio Nazionale”) remains by far Italy’s most popular and successful politician (though his approval ratings have now dipped below the 50% mark in opinion polls for the first time since his second return to the premiership in 2008).
Part of the reason for Berlusconi’s longevity despite his many stumbles is cultural. As in other Latin or Mediterranean countries with a strong Catholic tradition, Italian society long ago learned to accept serenely a life of duplicity: on the one hand, a strong attachment to church and family values, and on the other a second life – often lived in plain sight – composed of mistresses and other “dubious” connections.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.
explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
ROME – Italian Prime Minister Silvio Berlusconi’s political and sexual exploits make headlines around the world, and not just in the tabloid press. These stories would be no more than funny – which they are certainly are – if they were not so damaging to Italy and revelatory of the country’s immobile politics.
For, despite the rampant scandals, “national Silvio” (“Il Silvio Nazionale”) remains by far Italy’s most popular and successful politician (though his approval ratings have now dipped below the 50% mark in opinion polls for the first time since his second return to the premiership in 2008).
Part of the reason for Berlusconi’s longevity despite his many stumbles is cultural. As in other Latin or Mediterranean countries with a strong Catholic tradition, Italian society long ago learned to accept serenely a life of duplicity: on the one hand, a strong attachment to church and family values, and on the other a second life – often lived in plain sight – composed of mistresses and other “dubious” connections.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in