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...Italy, former Prime Minister Bettino Craxi, a Socialist, created a capitalist renaissance that appears likely to last. During the three-year rule of Craxi, whose government fell last month, the country's mood had changed. Says Arrigo Levi, one of the country's best-known journalists: "There is a new belief in market forces, in private enterprise, in the value of work itself, and that has been accompanied by a crumbling away of the idea that the state owes you a living...

Author: /time Magazine | Title: A New Age of Capitalism | 7/28/1986 | See Source »

...word spread from table to table in restaurants near the Italian Parliament, as lunching politicians learned that President Francesco Cossiga had selected Giulio Andreotti, 67, to form Italy's 45th government since World War II. The diners had been pondering the government's future since Socialist Prime Minister Bettino Craxi resigned as leader of the five-party coalition three weeks...

Author: /time Magazine | Title: Italy: Someone Old, Someone New | 7/21/1986 | See Source »

Andreotti, a Christian Democrat who served as Foreign Minister under Craxi and five times earlier as Prime Minister, had not been considered a front- running candidate. The biggest problem he faces in his effort to put together a coalition that can win a parliamentary vote of confidence is the opposition of the Socialist Party. Within an hour of Andreotti's appointment, the Socialists issued a statement opposing...

Author: /time Magazine | Title: Italy: Someone Old, Someone New | 7/21/1986 | See Source »

...Wildlife Fund International are seeking the 500,000 signatures needed for a national referendum on atomic energy. A new opinion poll found that 71% of those surveyed would bar new nuclear units, while about half favored closing Italy's three existing facilities. The government of Socialist Prime Minister Bettino Craxi opposes the referendum. Says Party Spokesman Claudio Martelli: "Italy is surrounded by countries, like France, with dozens of nuclear plants in operation, many of them very close to our borders. What practical alternatives do we have for maintaining a high level of competition...

Author: /time Magazine | Title: Energy and Now, the Political Fallout | 6/2/1986 | See Source »

Forget the summit. Let's get down to serious Japanese business here. Not every VIP visiting Tokyo last week was wrangling over the yen and fretting over international terrorism. Anna Maria Craxi, the stylish and ebullient wife of Italy's Prime Minister, was asked through the usual very proper channels what she would like to see during her visit. Kabuki, perhaps? Tea ceremony? A Buddhist temple? Craxi had another idea: an Issey Miyake fashion show. So, snug within the security perimeter of her hotel, Craxi got a close look at some of the world's most beautiful clothes...

Author: /time Magazine | Title: Living: Showroom At the Top | 5/19/1986 | See Source »

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