The Economic Consequences of Silvio Berlusconi
The decision by Silvio Belusconi's fourth government not to boost spending when financial crisis and recession struck may well have spared Italy a run-up in debt that it could not afford. Unfortunately, the measures that the government did take were utterly wrong, and major structural reforms were ignored.
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MILAN – Silvio Berlusconi has survived a confidence vote, but his government is virtually dead. One cannot rule a country with so scant a majority. Not for long.