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From Denver 1997 to Birmingham 1998
Country Report

Italy

~ Italy Contents ~ Country Objectives ~

Political Data
Head of State (President of the Republic): OSCAR LUIGI SCALFARO
President of the Council of Ministers (Prime Minister): ROMANO PRODI
 

Minister of the Treasury: CARLO AZEGLIO CIAMPI
Minister of Finance: VINCENZO VISCO
 

Minister of Foreign Affairs: LAMBERTO DINI
Minister of Foreign Trade: AUGUSTO FANTOZZI
 

Central Bank Governor: ANTONIO FAZIO
 

Minister of the Environment: EDOARDO RONCHI
Minister of Justice: GIOVANNI MARIA FLICK
Minister of the Interior: GIORGIO NAPOLITANO
Minister of Employment: TIZIANO TREU
Minister of Education: LUIGI BERLINGUER
Minister of Health: ROSARIA (ROSY) BINDI
Minister of Industry, Commerce and Tourism: PIER LUIGI BERSANI
Minister of Communication: ANTONIO MACCANICO
Minister of Transport and Navigation: CLAUDIO BURLANDO
Minster of Public Administration: FRANCO BASSANINI
 

*Sherpa: ROBERTO NIGIDO
*Sous-Sherpa: ALESSANDRO MEROLA
*Sous-Sherpa: MARIO DRAGHI
*Political Director: AMADEO DE FRANCHIS
*Representatives to the G8 Birmingham Summit

TYPE OF STATE:
Republic granting partial autonomy to regions
TYPE OF GOVERNMENT:
Parliamentary democracy, Bicameral
POLITICAL PARTIES FORMING GOVERNMENT:
Olive Tree Coalition (L'Ulivo): Democrats of The Left (Ds - Democratici di sinistra; formly the Pds); Italian Popular Party (Ppi - Partito popolare italiano); Italian Renewal Party (Ri - Rinnovamento italiano); Greens (Verdi); Democratic Union (Ud - Unione Democratica)
OPPOSITION PARTIES:
Freedom Alliance (Polo per le libertÓ): Forza Italia (Fi); Christian Democratic Centre (Ccd - Centro cristiano democratico); United Christian Democrats (Cdu - Cristiani democratici uniti); National Alliance (An - Alleanza Nazionale)
OTHER PARTIES:
Reconstructed Communist Party (Rc - Rifondazione comunista; L'Ulivo depend on the support of Rc to maintain a majority in Parliament); Northern League (Ln - Lega Nord)
DATE OF LAST ELECTION:
Romano Prodi was sworn in 18 May 1996 following the victory of his Olive Tree Coalition at the 21 April 1996 general elections.
DATE OF NEXT ELECTION:
2001 (In a Italy a full parliamentary term lasts 5 years).

The House of Deputies after the 21 April 1996 Elections (Total Seats = 630)
 

284 Olive Tree Coalition (L'Ulivo)
35 Reconstructed Communists (Rifondazione comunista)
59 Northern League (Lega Nord)
246 Freedom Alliance (Polo per le libertÓ)
6 Others
The Senate after the 21 April 1996 Elections (Total Seats = 325)
 

157 Olive Tree Coalition (L'Ulivo)
10 Reconstructed Communists (Rifondazione comunista)
27 Northern League (Lega Nord)
3 Independents (Autonomisti)
1 Pannella - Sgarbi List
116 Freedom Alliance (Polo per le libertÓ)
1 Fiamma
10 Senators for life

(1998 estimate)
Economic Data
GDP: (1996) Lit. 1,873.5 Trillion
  (1997 1st quarter) Lit. 1,903.4 Trillion
  (1997 2nd quarter) Lit. 1,949.3 Trillion
  (1997 3rd quarter) Lit. 1, 972.5 Trillion
  Source: IMF  
GDP per capita: (1996) 18 983 US dollars
  Source: OECD  
Economic Growth Rate: % change at annual rate: 3 months* (+0.7)
1 year (+2.8 1997 4th quarter)
The Economist's Forecasts: (1998) +2.3%; (1999) +2.9%
Source: The Economist
Real GDP Growth Rate:
(ISTAT)
(1997) +1.5%
  (1997 1st quarter) +0.9%
  (1997 2nd quarter) +1.9%
  (1997 3rd quarter) +2.2%
  (1997 4th quarter) +2.8%
  The Italian Treasury's Forecasts: (1998) +2.5%; (1999) +2.9%
Inflation Rate: (3 months*) +2.3% change at annual rate
  (1 year - Feb. 1998) +1.7% change at annual rate
  Source: The Economist
*Average of latest 3 months compared with average of previous 3 months, at annual rate
Unemployment Rate: (Jan. 1998) 12.0%
  Source: The Economist
Interest Rate: Banks prime (22 April 1998): 8.25%
  Source: The Economist
Exchange Rate: [Lire per US dollar / Market Rate - Period Average]
(1996) 1,542.9 (1997) 1,703.1
(Jan. 1998) 1,787.7 (Feb. 1998) 1,790.8
Source: The IMF
(22 April 1998 - The Economist) 1,772
Current Account:
(Latest 12 months)
(Dec. 1998) +36.8 $bln
  Source: The Economist
Budget Deficit: (1997) 2.7% of GDP
  2.6% of GDP
Public Sector Debt:( (1997) 121.6% of GDP
  (1998 estimate) 118% of GDP
  Source: Italian Treasury - Dpef
Foreign Aid: 0.15 (ODA % of GDP) - 6th among G7 countries
World Ranking: 5th
Major Trading Partners:
(1996)
Exports to (% of total) - Germany (17.4); France (12.5); USA (7.3); UK (6.5); Spain (4.9); EU (55.3)
Imports from (% of total) - Germany (18.5); France (13.5); UK (6.6); Netherlands (6.0); USA (4.8)
Source: 1997 The Economist Intelligence United Limited
Major exports - fob 1994
(% of total)
1. Industrial & agricultural machinery Lit. 52,410 bln (17.0)
2. Textiles and clothing Lit. 37,086 bln (12.0)
3. Electrical equipment Lit. 27,656 bln (9.0)
Major imports - cif 1994
(% of total)
1. Chemicals Lit. 38,356 bln (14.1)
2. Electrical equipment Lit. 26,642 bln (9.8)
3. Metals Lit. 25,621 bln (9.4)
Source: 1997 The Economist Intelligence United Limited

Prepared by Ray Claudio Pino and Carla Angelone, University of Toronto G8 Research Group, May 1998.

~ Italy Contents ~ Country Objectives ~

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