Italy

Thursday

Nicholas Farrell

Beppe Grillo: Italy's new Mussolini

The stand-up comedian Beppe Grillo, like the fascist dictator Benito Mussolini before him, has a craving to take over the piazza and mesmerise the crowd. Where once young Italians chanted the mantra ‘Du-ce! Du-ce!’ now they chant  ‘Bep-pe! Bep-pe!’. But it is not just a shared need to rant and rave at large numbers of complete strangers that hirsute Beppe and bald Benito have in common. Worryingly, for Italy and also for Europe (where democracy seems incapable of solving the existential crisis), there is a lot more to it than that. Beppe Grillo founded the MoVimento 5 Stelle (M5S) in Milan on 4 October 2009. The capital ‘V’ stands for

Tuesday

Jonathan Jones

Italian elections: 'The worst possible outcome'

Forget Moody’s. If you want to see market panic, just look at Italy. As Isabel reported this morning, the unexpectedly strong performance of Beppe Grillo’s anti-establishment party, the Five Star Movement, has produced an extremely close election result, and no clear winner. While the electoral system guarantees a majority in the Chamber of Deputies for the group with the largest vote share (Pier Luigi Bersani’s centre-left group), it does not do so for the Senate. With no group securing a majority in the upper house, Italy now faces coalition negotiations and likely another election. Citi calls this ‘probably the worst possible outcome for Italy’ — thanks to the political uncertainty,

Isabel Hardman

Weary Italian voters can teach UK politicians lessons

Italian voters are clearly cheesed off: with the Establishment, and with the country’s austerity programme. The explosion onto the scene of Beppe Grillo – which Freddy examined in his post from Rome on Sunday – shows quite how cheesed off they are, and it also has wider lessons for the eurozone and for UK politics, too. The first is that voters clearly do not share eurozone leaders’ unswerving commitment to the euro project: Grillo made much of his party’s eurosceptic credentials and won 54 seats in the upper house, with Berlusconi’s centre-right on 116, while Mario Monti, the conduit for the EU’s austerity measures, won only 18. No alliance gained

Sunday

Freddy Gray

Italian elections: anti-politics on amphetamines

Rome Italians go to the polls today, and Beppe Grillo still seems to be the name on everybody’s lips. Grillo is expected to get up to 22 per cent of the vote — staggering for a comedian-turned-politician with no discernable policies whose campaign slogan is ‘vaffanculo’ (‘F— off!’). Il Fenomeno Grillo is anti-politics on amphetamines. Is Italian democracy self-immolating? Maybe. Faced with nothing but corruption, recession, imposed EU austerity, and the same old politicians, the downtrodden public are fed up and turning on the system. You can’t really blame them. Some of the Italians I spoken to here today think it is scandalous that Grillo has so much support —

Friday

James Forsyth

Mario Monti resigns

Following the passing of his budget, Mario Monti has quit as Italian Prime Minister. At the moment, it remains unclear whether he’ll continue to lead the government until elections next year. Many in the Italian establishment—and, I understand, several European leaders—would dearly love Monti to emerge as the leader of a centrist coalition ahead of the election, though as a Senator for Life he can’t run in the election himself. They view the popular endorsement of Monti’s reforms as the best possible result for the stability of the Eurozone. What seems certain, though, is that the Italian elections will be highly unpredictable. The presence of both a comic and Silvio

Saturday

Rod Liddle

I need your help

I am in southern Italy and there has been thunder and lightning pretty much continuously since Tuesday. I am quite scared of lightning. I need to buy some comestibles; especially wine and cigarettes. But the tiny apartment I have rented is connected to the outside world only by 72 metal steps affixed to the side of the mountain by metal scaffolding. The lightning is all about. Should I risk it? Would it help if I wore rubber-soled shoes for my dash to the shop? Or will I be forever fused to the rockface, like a sort of crap gargoyle? I turn to you for help, and succour.

Thursday

Daisy Dunn

Raphael’s paintbrush

One of the puns that circulated the cultured elite of Italy during the Renaissance compared the potency of an artist’s paintbrush, his pennello, with his penis, il pene. Raphael, who by all accounts liked his women, perhaps embodied that duality best of all. The artist’s fascination with female kind, Antonio Forcellino suggests in his brilliant and lyrical biography of the artist, helped shape his genius. Not long before Raphael died, aged just 37, of a malady popularly believed to have stemmed from excessive sexual activity, he painted La Fornarina — a young, brown-eyed beauty (perhaps his last lover), semi-nude but for a diaphanous veil draped beneath her décolletage. Around this

Friday

Fredrik Erixon

Europe's illusory deal

After Merkel’s decision to allow Eurozone funds to be used to bail out Spanish and Italian banks, the press tomorrow may declare – yet again – that some kind of breakthrough has been reached and that the Teutonic queen of austerity has been forced down from her throne. But, as ever with the Euro summits, there is less – far less – than meets the eye. Here’s my take:  1. Growth pact. Any pact representing no more than 0.0096 per cent of Eurozone GDP is hardly going to have a discernible effect, so let’s not pretend otherwise. 2. About those no-strings bailouts. It seems countries can access bailout funds without

Wednesday

David Blackburn

Of technocrats and democrats

A former European leader was a guest at a private dinner in London recently. It was a polite and reverential occasion, but conversation grew lighter as Sauternes gave way to port. What, he was asked, is the most effective form of government? Easy, he replied, look at Europe: technocrats know best and they can ignore short-sighted voters. A battle between technocracy and democracy has broken out in Europe, as democratic Germany and technocratic Italy disagree over the next step in the euro-crisis. Last week’s G20 summit promised progress; Germany agreed to use EU bailout funds to reduce Spanish and Italian borrowing costs. It was hoped that this might inaugerate the

Saturday

Marcus Berkmann

Straying from the Way

No sensible writer wastes good material. A couple of years ago Tim Parks published a memoir, Teach Us to Sit Still, a tale of chronic, debilitating back pain that appeared to have no physical cause. He tried everything, short of major surgery, and even toyed with that for a while. Finally, in desperation, this lifelong sceptic took up meditation, and found to his amazement that it worked. By the book’s end we realised that we had been reading not so much about a man’s ill health as about a very particular and challenging midlife crisis. Parks is a novelist and academic who has lived and worked in Italy for the

Monday

Clarissa Tan

Bondholders are sheep — and they’re flocking out of the euro pen

Sweden’s Anders Borg (Fraser’s favourite finance minister) is wrong, says Citigroup. Bondholders and deposit holders are not like wolves, as Borg has made them out to be. They’re more like sheep — and currently they’re baa-a-a-cking out of the eurozone pretty quickly. We all know that money’s leaving the Continent — but how much and how rapidly? Citi’s credit strategist Matt King, basing his analysis on imbalances in TARGET2 (the euro area’s main payment settlement system) relative to eurozone countries’ current accounts, has come up with a few interesting observations. — Since mid-2011, Spain has suffered private-sector outflows of €100 billion, and Italy €160 billion (or a tenth of their

Wednesday

Clarissa Tan

May Day, May Day

There was a sense of urgency, even emergency, in many countries on May 1 this year. The goings-on in the UK were muted in comparison: France Presidential incumbent Nicolas Sarkozy staged a rally in front of the Eiffel Tower called ‘The Feast of Real Work’, to counter the traditional show of heft by the left. ‘Put down the red flag and serve France!’ he shouted to the unions. His campaign claims a turnout of 200,000. The left was irritated by Sarkozy’s hijack of their celebration, and his insinuation that they don’t understand what work is. The far right, led by a scornful Marine Le Pen fresh from rejecting an overture

Thursday

Daniel Korski

Making a call on Qatada

The Prime Minister, we are told, has been trying to reach the King of Jordan to see if some kind of arrangement can be made so that Abu Qatada can be deported legally and that no forms of torture-gained evidence will used against him in a Jordanian court. This seems like a sensible thing to do. But it is important that the government balances its counter-terrorism policy with its foreign policy.   Here is what I mean. Jordan is a friend of Britain, but the King is under tremendous pressure to reform. There are daily demonstrations against his rule and the protests are gathering pace. His reforms, meanwhile, have been

Saturday

Douglas Murray

How democracy fared in 2011

Even before we were a month in, 2011 was an historic year. Principally because in a region of the world where governments shift through military coup or foreign intervention, dictators fell — and others tottered — thanks to local popular uprisings. Whatever the outcome of those events (and I have expressed my fears elsewhere, here) they remain a landmark worth observing. Whether or not the coming years are any good at all for them, 2011 was a great year for democrats in the Middle East. In the older democracies of the West, however, 2011 was more disconcerting.   If anyone doubts this, consider the following experiment. It is the beginning of

Monday

James Forsyth

The latest act in Europe's comic opera

If it was not all so serious, the efforts to save the single currency would be worthy of a comic opera: the Germans could compose the score, the Italians could write the libretto, and the French could take care of the stage directions. The latest IMF-related effort is, perhaps, best described by the website ZeroHedge, which is required reading during these troubled times: “Germany will be responsible for €41.5 bn, France at €31.4 billion, and Italy will need to provide €23.5 billion and Spain another €15 billion. To, you know, bailout Italy and Spain” What is becoming increasingly clear, when you take this news combined with the comments of the

Friday

James Forsyth

Europe's debt overspill

That Italy is now paying around 7.8 per cent for two-year borrowing, compared to the 4.5 per cent it was paying just last month, is a reminder that the imposition of a technocratic government was far from a solution to the country’s problems. With €8 billion more debt to be sold on Tuesday, there’s little respite for Italy coming up. One does have to wonder how long they can carry on like this.   But Italy’s troubles need to be seen in conjunction with what happened at the German bund auction this week. The problems that even Germany is having in getting its debt away at a good rate is

Saturday

David Gilmour

A cult of virility and violence

Mussolini’s brutal sex-addiction makes for dispiriting reading, but provides material for a fine psychological study, says David Gilmour Bunga bunga may be a recent fashion, but adultery for Italian prime ministers has a long history. The first of such statesmen, Count Cavour, had affairs with married women because he was too nervous of being cuckolded to risk having a wife of his own.  One of his successors, Francesco Crispi, suffered such amatory turbulence that the police were often called to break up screeching rows between his wives and his mistresses; in old age he was accused by the press of trigamy because he had fathered children by two women in

Friday

Jonathan Jones

Farage scolds Europe's wrecking crew

In his cover story for last week’s Spectator, Fraser described how the Frankfurt Group – which he dubbed ‘a new EU hit squad’ – has begun imposing it’s will on Greece and Italy. In the European Parliament on Wednesday night, Ukip leader Nigel Farage made the same case against them – and quite forecefully, too: It’s now going viral, with over 75,000 views so far.

Thursday

Daniel Korski

In defence of technocrats

Is Mario Monti’s administration in Italy democratic? Is Greece’s new government? To some, especially in the blogosphere, it is the exact opposite: a technocratic and undemocratic government foisted upon Italy and Greece by (circle as appropriate) Angela Merkel/Nicolas Sarkozy, the Bilderberg Group/EUSSR, etc. But nobody forced Silvio Berlusconi to resign. Nobody sacked him. Under pressure by the markets, he chose to resign. He could have stayed and nobody denied that he had a constitutional right to do so. It would have cost Italy dear, but he could have stayed. In addition, Monti was appointed to the Senate by the Italian president who himself is elected by Parliament in a joint

Monday

Daniel Korski

Can Italy rebound?

I’m in Italy watching the bonfire of Silvio Berlusconi’s vanities first hand. From the ashes, most Italians hope a stronger nation will emerge. And for this reason, faith in former EU Commissioner Mario Monti, who gave his first statement to the nation last night, seems high. Italy is not a nation on its knees, and despite the travails and troubles of the last decade, there is a sense of hope here. People want Italy to succeed and seem willing, for now, to pull together. They also have a foundation upon which to build: brands, low private debt, and a solid banking system. Crucially, President Giorgo Napolitano has also indicated that