288. Berlusconi Rides Again, Milan’s Stock Exchange flies, while Rome Burns: 1
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| Berlusconi Rides Again. |
Searching what the papers have said, it all began with the Berlusconi’s government going
down by one vote last Tuesday and the Stock
Exchange in Milan slumped. It is
not the first time: there have been times when the Stock Exchange in Milan
reached desperation levels, but not only that of Milan, the whole of the West have had stock exchanges touching
desperation levels for a few years now, so what’s new?
The interpretation
given by the finance world is, if Berlusconi’s government stumbles, the shares
hit rock bottom, and when he rides again, the shares rise and fly with him. One would think he was some kind of a god...
that’s why he is so hated.
The papers, I’ve noticed, especially the ones outside Italy, found it difficult
to restrain their exultation when Berlusconi’s government was beaten by one
vote on 11 October. Because the government
failed to pass a bill which was something of a routine nature, everyone went to
town and the word “stagnation” cropped up everywhere. Also because the bill was of a financial
nature, namely part of a budget, it had to be of vital importance- very few, if
any mentioned how insignificant that vote was to the efficiency to the running of
the government.
We have all gone over the top when the words “finance” and “budgets” are mentioned- nothing
comes second to such. Thus Berlusconi’s
government, not being able to approve a bill of such high calibre as pertaining
to the “budget”, for his enemies spelt defeat in capital letters.
What fools, we sometimes make of ourselves, says I when I read the papers. The vote on the bill that was not passed last
Tuesday was merely, and merely is not an understatement, a vote of verification
on the Budget of 2010.
No need for me to mention that the year 2010
is dead and gone and is really of no consequence to the approval or disapproval
of any government, it is simply a matter of routine to say, okay, we’ve been
there, done that- closed chapter. Upon which,
the great newspapers of influential nations have gone overboard to spell out in
great big capital letters that this denoted the defeat of Berlusconi’s
government.
What about such as went on behind the scenes on this all so “important” vote? It was well known that Claudio Scajola, Minister for economic development, seeing he has
his days counted, for various reasons, decided to pull out; Umberto Bossi leader of the government’s
coalition was in the bar of the lower house chatting, didn’t notice the time go
by; and the Minister responsible for the
Budget, all of them, Giulio Tremonti
was at a funeral. An accident? As the voting was defined- I would say quite the opposite.
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| Berlusconi being congratulated after the vote of confidence on 14 October 2011 between two of Umberto Bossi's Lieutenants and the Minister of Economy right next to him. |
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