TITLE

NON-CRISIS IN ITALY

AUTHOR(S)
Bayne, E.A.
PUB. DATE
January 1967
SOURCE
Foreign Affairs;Jan1967, Vol. 45 Issue 2, p353
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article looks at the political and economic condition in Italy as of January 1967. The awesome floods of November aside, Italy in late 1966 was in a state of non-crisis. There has been enough political and economic instability in the past, however, to make us view this period of often frenetic progress toward industrialization and social unity as temporary. Fundamental social changes are in process. A government budget of $14.3 billion for 1967 has been prepared, including $1.4 billion for much-needed agricultural development during the next five years and another $600 million for the still depressed southern regions. The long-sought reunification of the Italian Socialist party and its junior Social Democratic partner, together holding the loyalties of about 20 percent of the electorate, had its serious beginnings in 1957 when the shock of the Hungarian revolution broke the Socialist-Communist unity of action pact. Reunion was finally sanctioned this past October 1966 when separate, simultaneous congresses approved a transitional charter covering ideological and organizational principles. Following the 1968 elections, the two parties will formally unite under a new constitution, the twenty-year rift will be healed and Western Europe's second largest social democratic party will be reborn.
ACCESSION #
5800334

 

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