Word: siniscalco
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Dates: during 2000-2009
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...Europe's most rigged economy. The scandal created a major crisis for the government of businessman Silvio Berlusconi, itself no paragon of arm's-length transactions. Yet even Berlusconi finally found enough moral high ground to call on Fazio to resign his lifetime post after Finance Minister Domenico Siniscalco quit in protest when his calls for Fazio to step down had no effect. Siniscalco's replacement, Giulio Tremonti, who clashed with Fazio in an earlier stint as Finance Minister, tried to force him out by snubbing him at an International Monetary Fund meeting in Washington. Fazio still refused to budge...
...ally, "have the stamp of Letta." Along with the reshuffle that brought Follini into the Cabinet, Berlusconi orchestrated a tax-cut plan that gave him his first boost in the polls in well over a year. Here again, Letta played the role of political guarantor, assuring Economy Minister Domenico Siniscalco that the cuts would not put Italy's credit ratings at risk or push its deficit above the E.U. limit. In one of the few victories...