Jun 10, 2011

The man who screwed an entire country

News that do not need any further comment. Whatever can be the political opinion of the reader, this article from The Economist has the potential to worry us.


Citing the article:

"Over the years, he has been tried more than a dozen times for fraud, false accounting or bribery. His defenders claim that he has never been convicted, but this is untrue. Several cases have seen convictions, only for them to be set aside because the convoluted proceedings led to trials being timed out by a statute of limitations—at least twice because Mr Berlusconi himself changed the law."

"Perhaps because of the distraction of his legal tangles, he has failed in almost nine years as prime minister to remedy or even really to acknowledge Italy’s grave economic weaknesses. As a result, he will leave behind him a country in dire straits."

"Italy’s economic illness is not the acute sort, but a chronic disease that slowly gnaws away at vitality. When Europe’s economies shrink, Italy’s shrinks more; when they grow, it grows less."

"A quarter of young people—far more in parts of the depressed south—are jobless. The female-participation rate in the workforce is 46%, the lowest in western Europe."