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{"id":555,"date":"2011-10-14T16:27:23","date_gmt":"2011-10-14T14:27:23","guid":{"rendered":"http:\/\/www.webbidea.com\/?p=555"},"modified":"2013-05-03T17:35:59","modified_gmt":"2013-05-03T15:35:59","slug":"silvio-time-to-go","status":"publish","type":"post","link":"http:\/\/www.webbidea.com\/silvio-time-to-go\/","title":{"rendered":"Silvio, time to go"},"content":{"rendered":"

Il Financial Time scrive che\u00e8tempo che il nano politico nazionale tolga il disturbo. Ma imvece oggi gli accordano la fiducia: che schifo!<\/p>\n

Silvio Berlusconi has never been shy of showing off the many records he holds. Yet, the fact that his government is the first to fail to win approval of Italy\ufffds consolidated public accounts is one that even the master showman will not be able to boast about. After this week\ufffds setback, he today faces a vote of confidence. This is the second, after a similar showdown last December.<\/p>\n

Ever since last winter\u00f2s vote, il Cavaliere has been riding his luck, in a classic exercise of parliamentary brinkmanship that has delighted his supporters. However, this very achievement has led Italy into a political stalemate, preventing the passage of structural reforms the country desperately needs. This has contributed to the crisis of confidence that is undermining Italy\ufffds fiscal position as well as the survival of the eurozone.
\nMore
\nOn this story<\/p>\n

Global Insight Desperate Berlusconi teeters towards farce
\n Berlusconi pleas fail to impress markets
\n Italian debt premium over Spain leaps
\n Berlusconi\u00f9s future in balance
\n Italian PM stakes survival on confidence vote<\/p>\n

The impasse must now come to an end. Italian parliamentarians\u00e8particularly those whose absence from the lower chamber contributed to the recent incident over the budget\u00e8should resolve this farce, drawing down the curtain on a plutocrat-cum-politician whose record has fallen well short of his own exaggerated assessment and the expectations of long since dis\ufffdillusioned voters.<\/p>\n

The arguments used by Mr Berlusconi to justify why he should stay on are thin at best. The 75-year-old prime minister claims only he can bring political stability to Italy and that he will deliver economic reforms. His record speaks otherwise. His claim to provide stability is belied by the number of setbacks and defections his coalition has suffered since the last vote of confidence, As for his promise to shake up the supply side of the country\ufffds economy, that looks as stale as his record in office where his own business and political interests have become almost inseparable.<\/p>\n

If the government falls, the country should speed up the process of reforming the economy. In theory, this could be done by a centre-right government led by a different leader, but the loyalty of the parliamentarians to the prime minister appears to rule out this possibility. The least bad option is to move hastily towards an early election, perhaps after a caretaker government has taken steps to maintain the country\ufffds fiscal discipline and changed the deeply unpopular electoral law to allow voters to choose directly their representatives.<\/p>\n

Italy has to save itself to save Europe. Parliament should bear this in mind in today\ufffds vote.<\/p>\n