Word: berlusconi
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Dates: during 1990-1999
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MILAN: The political future of former Italian premier Silvio Belusconi was at stake as his corruption trial began Wendesday in Milan. Berlusconi, the media magnate who lost the premiership after seven months amid conflict-of-interest charges, is attempting a comeback just as the trial gets underway. Premier Lamberto Dini resigned last week, and President Oscar Luigi Scalfaro is meeting with potential candidates to suceed him. Berlusconi meets with Scalfaro on Friday. TIME's Greg Burke reports from Rome: "This is a do-or-die situation for Belusconi, who wants the premiership back. We have no idea how strong...
...pocket, a good part of the media world must now look like so many packages wrapped with bows, just waiting for him to untie them. Late last week he grabbed for one, making a $2.8 billion bid for the three television networks of Italy's former Premier Silvio Berlusconi, which are watched by nearly half the country's TV audience. And then? "Ted Turner may want to retire," he joked mordantly at a press conference called to unveil the deal. Wall Street sat up. Could News Corp. be looking to buy the 20% stake in Turner owned by Time Warner...
Italian President Oscar Luigi Scalfaro today ended a volatile, 22-day period of uncertainty at the top by naming the country's respected treasury minister, Lamberto Dini, as prime minister-designate to succeed flamboyant media magnate Silvio Berlusconi. The non-partisan Dini promised "a government of technocrats" to restore stability in a country that has seen 53 postwar governments come and go. But Berlusconi, who resigned last month after losing parliamentary support, called Scalfaro "a sphinx who minces his words" for not reappointing him. A large-scale political fight now looms, as Berlusconi presses for elections that, with recent gains...
Embattled Italian Prime Minister Silvio Berlusconi resigned today after apparently wavering in the face of imminent no-confidence votes. "A weight has been taken off," the Italian media magnate said after resigning. But Berlusconi, who just yesterday dared the country's lawmakers to vote him out, is following through on threats to immediately press for a new election he hopes will return him to power. President Oscar Luigi Scalfaro's more ceremonial role in politics now becomes pivotal: he'll decide whether to grant Berlusconi's elections request -- or call on politicians to form a new parliamentary majority without...
Just hours after the resignation, Berlusconi's brother, Paolo, was convicted of violating political funding laws -- along with 25 other businessmen who illegally gave money to a corrupt political faction. The bribery affair has been linked to Berlusconi's companies (which employ Paolo), but not to the owner himself, who accused police of extorting money instead...