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...were unable to agree on a common program to deal with the country's deteriorating economy. There were new incidents of urban terrorism and still more charges of corruption leveled against the top political leadership. The latest events could only harm the teetering Christian Democratic government of Premier Aldo Moro and increase the chances that the Communists-for the first time since 1948 -could soon have a formal role in the national government...

Author: /time Magazine | Title: ITALY: A Compromise Fails, a Showdown Looms | 5/3/1976 | See Source »

...future of their strife-torn, dispirited party. After five hours of tense debate, party leaders finally emerged with a plan of action, a marked change after the vacillation and near paralysis that have gripped the governo diparcheggio, or "parking-meter government," slapped together two months ago under Premier Aldo Moro. They would make one last-and probably foredoomed-try to cooperate with the other parties on emergency economic measures. If that failed, they would have to accept the inevitability of an early election-probably this June, a year ahead of schedule. It would be an election they may well lose...

Author: /time Magazine | Title: ITALY: Moving to a Shootout | 4/26/1976 | See Source »

...rampage to protest the death of a radical youth during an earlier demonstration. Striking metalworkers, demanding higher pay, locked arms in Rome's Piazza Navona and with rhythmic solidarity chanted, "Governo Moro, te ne devi andá-da" ("Governo Moro, you've got to go-go"). Premier Aldo Moro's shaky Christian Democratic minority government was then more directly threatened by the 20,000 Italian feminists who poured through Rome demanding that the country's tough anti-abortion laws be rescinded. The abortion issue suddenly heated up into Moro's most pressing political crisis...

Author: /time Magazine | Title: ITALY: The Gun or Slow Poison | 4/19/1976 | See Source »

...already alarming slide in the lira. In a single day, the lira fell from 842 to the dollar to 880; it closed at 875-down 27.6% from 686 as recently as Jan. 20. To boost government revenues and restore confidence in the lira, the government of Prime Minister Aldo Moro started a harsh austerity policy. Among other things, it raised taxes on auto sales, lifted the price of gasoline by 14.3%, to $1.73 a gallon, and raised the government bank lending rate a startling four points, to 12%. Significantly, Prime Minister Moro, whose Christian Democrats are operating a minority monocolore...

Author: /time Magazine | Title: MONEY: Shrinking the Snake | 3/29/1976 | See Source »

...officials. The reason, according to Lockheed Vice Chairman and Chief Operating Officer Carl Kotchian: "An Italian Senator" told a Lockheed consultant that unless the payments were made, no Lockheed planes would be bought. Normally, Gui would have been included in the new Cabinet named last week by Prime Minister Aldo Moro to end a five-week government crisis; he was left out at his own request so that he can try to clear his name. Whether he can do so or not, the scandal will hardly help the shaky Christian Democratic Cabinet maintain itself against the growing political power...

Author: /time Magazine | Title: SCANDALS: THE BIG PAYOFF | 2/23/1976 | See Source »

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