Italy Faces Rocky Path Amid Economic Strains and Communist Watch
In Rome Italy endures political and economic strain as the Leone government imposes stopgap austerity measures. The Communist party, led by Palmiro Togliatti, watches poised to capitalize as Fanfani’s opening to the left falters. Inflation rises, major industries lose value, and investment moves abroad. Tourism may offset deficits briefly while a fragile coalition struggles to form.
MENTIONED IN THIS ARTICLE
Giuseppe Leone
Leone
Amintore Fanfani
Leukemia Fatal to Fels Researcher in Ohio
Dr. Vaughn J. Crandall 41 senior research associate at the Fels Research Institute and psychology professor at Antioch College died of acute leukemia at University Hospital Columbus following a Tuesday illness.
MENTIONED IN THIS ARTICLE
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Inflation blamed on Fanfani policy and power nationalization
Analysts blame the general formula and Fanfani's nationalization of the power industry for inflation and a stock market collapse that reduced Italian stock values by 37 percent since he assumed office.
MENTIONED IN THIS ARTICLE
Fanfani
Leone Government Forms as Post-Election Stopgap
The Leone government is formed as a temporary measure to manage routine affairs until political factions including the Christian Democrats and Socialists resolve internal disputes.
MENTIONED IN THIS ARTICLE
Leone
Christian Democrats
Socialists
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