Once again Italy will take center stage in the global financial crisis, and the architect of Italy’s impending disaster is once again former Prime Minister, Silvio Berlusconi. Not only is he trying to trigger another crisis in order to keep power, he is responsible for a lot of Italy’s current problems. During the first few years of his premiership, he had plenty of opportunity to reverse Italy’s course by cutting government spending and reforming labor laws; instead he decided to push the pedal to the metal and increase spending and make laws to benefit himself and his friends. In this way he was a lot like that paragon of virtue and responsibility, George W. Bush; he talks about free markets and liberty, but had a very different agenda.
After twenty years of legal battles, his enemies have finally managed to get Berlusconi convicted of fraud, related to tax evasion.
Read the complete article at The Dollar Vigilante here.
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