On February 24th and 25th, Italy will hold a general election which will produce a new Prime Minister. This occurs against the backdrop of a dismal economy where over the last 10 years the GDP did not expand –a net 0% growth rate—and with an unemployment rate in the double digits. Mario Monti, the present Prime Minister who came to power in November 2011 after the fall of Berlusconi’s government, was the consensus choice among all parties to push needed economic and market reforms. In the wake of the Greece default, Italian politicians and policy makers wanted to staunch the credibility bleed by chosing Monti, a technocrat and university professor, as Prime Minister. It was thought that he would be the one to push the necessary but unpopular reforms—those most demanded by investors and other international stakeholders.
Articles Posted in Politics
Today, February 12th 2013, President Obama will give the 227th State of the Union address and the 5th of his presidency. This specific speech will have special significance because it is the first of his second term as president. It is his opening volley and will help set the policy tone for the next four years. It, in other worlds, is an important speech.
But what should, and ultimately what will, Obama say?
Public Opinion Support for a ‘Mixed’ Deficit Reduction Solution
Washington is presently in crisis mode as time is running out before automatic tax increases and spending cuts go into effect in early 2013. Many analysts believe such measures—the so-called ‘fiscal cliff’—would have a strong negative effect on the economy, pushing the US back into recession.Read More...
On 7 October 2012, Venezuelans showed up to cast their vote for president on Election Day with an unprecedented sign of voter enthusiasm pushing final turnout up over 80%. This race pitted Hugo Rafael Chávez Frías, the incumbent and long-sitting president, against the 40-year-old opposition candidate, Henrique Capriles Radonski. Just this on its own would provide sufficient suspense for most. This electoral campaign, however, was one of particular drama and uncertainty