|
Protesters Clashes Against Silvio Berlusconi, Rome, Italy
|
Conflicts of interest
According to journalists Marco Travaglio and Enzo Biagi, Berlusconi entered politics to save his companies from bankruptcy and himself from convictions. From the very beginning he said it clearly to his associates. Berlusconi's supporters hailed him as the "new man", an outsider who was going to bring a new efficiency to the public bureaucracy and reform the state from top to bottom.
While investigating these matters, three journalists noted the following facts:
Mediobanca's annual report about the 10 biggest Italian companies showed that, in 1992, Berlusconi's media and finance group Fininvest had about 7,140 billion lire of debts, 8,193 billion lire of assets (with 35% of liquidity) and a net worth of 1,053 billion lire. The asset-debt ratio represented a patrimonial situation bordering on bankruptcy.
|
|