Monday, November 14, 2011

Why Berlusconi resigned ?

It is generally recognized that Berlusconi entered into politics to avoid bankruptcy after his protector (and beneficiary of large donations) Mr. Craxi, then Prime Minister, fell due to corruption. But Craxi was the one who blocked a law against TV monopoly in Italy that would have stopped Berlusconi's expansion and control of the waves.

Over his 17 years in power, most of his political action was to reinforce his economic power, making the Parliament approve laws in favor of his companies or in his own personal interest to avoid being condemned for his economic crimes.

It is being recognized that his recent resignation, following a loss of majority in the House (but not in the Senate) was prompted by the risks of his financial and industrial empire to collapse. In seven years, the value of the Mediaset stock fell from more than 7€ to 2,36€ today. Profits fell and are falling. His right hand, Confalonieri, would have demonstrated to him last week that his stay in power could have meant the collapse of the company and of his many affiliates. Knowing that the Parliament would not have endorsed any new law in his interest, he resigned but the stock continued fall today.

Confirming this scenario are the news that he would have requested Mario Monti, the new Prime Minister, not to issue any new laws on TV broadcast and on conflict of interests....

A crook is a crook is a crook and Berlusconi will remain a crook until he dies.

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