Italy: The Narrow Apertura

From now on, when the Italians switch on the light, they will be doing business with the government. This is, after almost eight months, the one tangible achievement of Premier Amintore Fanfani's center-left coalition, the much-heralded apertura a sinistra.

Finally ratified by the Chamber of Deputies. the bill nationalizing Italy's electric power industry was about as urgent, economically speaking, as introducing a new type of pasta. Nearly 30% of Italian electric power was government-owned anyway; buying up the rest of the industry at prices profitable to the private owners was scarcely a creative economic move. Eventually it may bring...

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