Economy / History of Italy / Politics

Very dense day for Italy

Italy is often accused of being immobile. In 1940 was published Dino Buzzati’s famous novel “The desert of the tartars”, about a soldier stationed in a border fortress waiting for an enemy attack that will never come.

However, yesterday was a day unusually dense of events.

Mr Renzi and Mr Berlusconi finalized their agreement on a new electoral law to be followed by constitutional reforms, interrupting decades of ideological struggles between left right which date back to the Cold War.

Mrs Laura Boldrini, the President of the Chamber of Deputies, applied for the first time ever the so-called “guillotine rule” to stop filibustering by the Five Stars Movement. She too interrupted a decades-old practice of recognizing to every party a virtual veto power, forcing the Government to legislate by decree or turn the vote into a confidence one.

Last but not least, it was announced that FIAT will become FCA – FIAT Chrysler Automobiles. The legal seat of the new company will be in the Netherlands and not in the UK as previously rumored; UK will get the fiscal seat, however. The company will be listed in New York and Milan.

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