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Thanks partly to low-cost fuel, Europe is expected to show real growth of about 3.5% this year, its most vibrant performance in a decade. Several governments aim to use the opportunity to make fundamental improvements in their economies. Italy's Prime Minister, Bettino Craxi, for example, hopes to reduce the country's runaway budget deficit, which is expected to hit $50 billion this year...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...principle that counts. "Naturally, the Italians are incensed about the tariffs," Busetti says. "For them, it is such an emotional product, especially in the wake of recent strains. The increase was on the front pages of all Italian newspapers the day after there were pictures of Craxi and Reagan mending fences following the Achille Lauro affair...

Author: /time Magazine | Title: Food: Pasta: a Matter of Form | 2/3/1986 | See Source »

...waged a campaign of letter writing and hunger strikes to secure an exit visa for Bonner, who suffers from glaucoma and heart trouble, so that she might receive medical treatment in the West. Before she left for Italy, where she consulted her ophthalmologist, then met briefly with Premier Bettino Craxi and Pope John Paul II prior to leaving for heart treatment in the U.S., Bonner explained that her three-month visa had been approved on the condition that she not talk to the press. "I have to be able to come back," she told reporters. "I know...

Author: /time Magazine | Title: East-West Brief Respite | 12/16/1985 | See Source »

Ironically enough, Craxi's political resurrection can be traced to the warm and sympathetic letter sent by President Ronald Reagan to soothe ruffled Italian feelings over U.S. criticism after Abbas' release. A week later, at Reagan's invitation, Craxi joined the President in New York City for a 25- minute private talk. Said Reagan after the chat: "I'm sitting here with my very good friend." For Italians worried about the potential threat to Italo- American relations, it was a signal that Craxi had been given a tacit endorsement by the White House. Said one political observer: "The new Craxi...

Author: /time Magazine | Title: Italy a Spat Between Friends | 11/11/1985 | See Source »

...Italian military at the Sigonella NATO base, where the EgyptAir Boeing first landed. Local police reported that tensions between the two allies turned ugly when the U.S. special Delta Force saw its prey being taken from it. Nevertheless, the clash never went beyond raised voices. Said Craxi Envoy Antonio Badini, who negotiated the surrender of the four terrorists to Italian authorities: "Abbas' role appeared to us of secondary significance." More important, he said, "was our respect for international law, our relations with Egypt...

Author: /time Magazine | Title: Italy a Spat Between Friends | 11/11/1985 | See Source »

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