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If I understand your comments, the considerable pressure exercised abroad led to Berlusconi's fall.

And also to Monti's choice by Napolitano (who IIRC got phone calls) and his approval by parliament. Pressure coming both from politicians and markets. If the Monti government still has a high approval rate, then the majority or of the population either ignores the government's policies thinking that Monti is still better than Berlu or the other idiots, or must have been shocked to think that austerity and market reforms are the way out of crisis. I disagree, but, at least, Italy having significant exports (IIRC), maybe austerity won't be a complete disaster like in Greece or Portugal.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Mon Jan 9th, 2012 at 09:11:38 AM EST
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Or people have some respect for Monti and his cabinet. After all he was European Commissioner for 10 years. As far as I can remember, both he and Bonino enjoyed a good reputation as a result of their Commission tenures.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Mon Jan 9th, 2012 at 09:18:39 AM EST
[ Parent ]
I include that in "ignores the government's policies thinking that Monti is still better than Berlu or the other idiots". Respect for the man for his past deeds is one thing.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Jan 9th, 2012 at 09:36:13 AM EST
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Rest assured that everyone has felt the effects of Monti's manoeuver. I'll judge his policies in the long run, as most citizens have chosen to do, certainly not on a single decree law dictated by the previous government's formal promises to the EU and Italy's grave economic crisis in both domestic and international contexts. Let's leave magic wands to politicians and pundits.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Mon Jan 9th, 2012 at 10:22:43 AM EST
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The problem is that the EUs and Italys grave economic crisis is made worse by the austerity, and that the demand that formal promises be kept is a tool that has been wielded before - remember how it was demanded that the Greek opposition signed of on austerity for Greece to receive their loans? It is used to enforce TINA, to remove options.

The Shock Doctrine has an example from Korea, how emergency loans were stopped until all presidential candidates had signed an agreement to enforce austerity.

Either Monti will lead Italy down the same path as Ireland, Greece, Portugal and Spain or he will at some point stand up to the ECB and refuse austerity. If not now, then when?

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Mon Jan 9th, 2012 at 02:57:44 PM EST
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