By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
US retreats from full-scale trade war with China
60 minutes ago
News
Trump and the art of the international peace deal
2 hours ago
News
China and US agree to slash tariffs
4 hours ago
News
Kurdish militant group PKK says it will disband and end Turkey conflict
5 hours ago
News
The EU needs a new geopolitical compass
7 hours ago
News
Why ‘Make Hollywood Great Again’ makes sense
8 hours ago
News
Donald Trump defends gift of 747 jet from Qatar as new Air Force One
9 hours ago
News
World’s largest EV battery maker CATL to raise at least $4bn
10 hours ago
News
Taiwan TV drama to give public a visceral vision of war with China
11 hours ago
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Former Italian prime minister Silvio Berlusconi dies aged 86
News

Former Italian prime minister Silvio Berlusconi dies aged 86

News Room
Last updated: 2023/06/12 at 5:28 AM
By News Room
Share
3 Min Read
SHARE

Italy’s former prime minister Silvio Berlusconi, the billionaire media magnate turned trailblazing populist, has died aged 86, marking the end of a controversial career that transformed the country’s politics.

As Italy’s longest-serving postwar prime minister, Berlusconi led the nation in stints totalling almost a decade and marked by criminal investigations into his business affairs and sex scandals.

Even towards the end of his life, he was an active player in Italian politics, playing a key role in the political crisis that brought down former prime minister Mario Draghi’s government last summer, and then joining Giorgia Meloni’s ruling coalition.

His death comes months after it was revealed that he had been battling leukaemia, He spent more than six weeks in hospital from early April before returning on Friday.

His passing raises questions about the division of power within Meloni’s rightwing coalition, as well as the future of his Forza Italia party, given his lack of a clear political successor.

Berlusconi began his career as a real estate developer before moving into broadcasting in the 1970s, building a monopoly in private television.

He moved into electoral politics in 1994 at the age of 57, by which time he was well known as the wisecracking owner of a powerful entertainment empire — and Italy’s richest man.

Berlusconi shaped Italian politics in the 1990s and early 2000s with the rightwing Forza Italia, which he built using his personal fortune and the apparatus of his vast entertainment empire.

His style of politics provided a template for other populist politicians, including former US president Donald Trump and Thailand’s former prime minister Thaksin Shinawatra.

“He Americanised Italian politics,” said Roberto D’Alimonte, a political-science professor at Luiss university in Rome. “He used marketing techniques to sell his product across ideological borders.”

Berlusconi’s years in power were overshadowed by numerous criminal investigations into allegations of wrongdoing, which ranged from false accounting to bribery and illegal political funding.

His “bunga-bunga” sex parties, and prosecution on charges of paying for sex with a teenage belly dancer, also tarnished his final term, despite his eventual acquittal.

Berlusconi was ousted from power for the last time at the height of the eurozone sovereign debt crisis, when markets and European partners saw the by-then discredited leader as a liability who was unable to restore market confidence.

Yet even as Berlusconi’s personal brand diminished, his political legacy endured in Meloni’s rightwing coalition, whose three constituent parties he first brought together.

“He is the man who unified the Italian right, made it acceptable and competitive,” said D’Alimonte. “This is his historic legacy.”

Read the full article here

News Room June 12, 2023 June 12, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US retreats from full-scale trade war with China

Well, that didn’t take long. And there was me thinking that China’s…

Trump and the art of the international peace deal

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

China and US agree to slash tariffs

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Kurdish militant group PKK says it will disband and end Turkey conflict

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

The EU needs a new geopolitical compass

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

US retreats from full-scale trade war with China

By News Room
News

Trump and the art of the international peace deal

By News Room
News

China and US agree to slash tariffs

By News Room
News

Kurdish militant group PKK says it will disband and end Turkey conflict

By News Room
News

The EU needs a new geopolitical compass

By News Room
News

Why ‘Make Hollywood Great Again’ makes sense

By News Room
News

Donald Trump defends gift of 747 jet from Qatar as new Air Force One

By News Room
News

World’s largest EV battery maker CATL to raise at least $4bn

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?