-Caveat Lector- It's the economy, stupid. Banker Elected As Italy's President By ELLEN KNICKMEYER .c The Associated Press ROME (AP) -- Carlo Azeglio Ciampi, an internationally respected banker-politician, won Italy's presidency Thursday with broad support from both left and right, leaving politicians themselves marveling at their rare show of unity. Ciampi, who had been the treasury minister, won after a single round of voting -- only the third time that has happened in postwar Italy. To many, the easy win suggested the center-right and center-left are ready to work together on reforming the nation's cumbersome political system. ``For once, politicians were able to reach accord on a name, giving the country a strong sign of responsibility in a difficult moment,'' said center-right opposition leader Silvio Berlusconi, whose support was crucial in the quick decision. Reforms -- such as doing away with the awkward, indirect process of picking presidents -- could begin immediately, he said. ``In this climate, there's a chance to get reforms started again, without opposition,'' said Romano Prodi, a former premier and now president of the European Union's executive commission. ``I believe that today we can start a new period of important political collaboration.'' Italy's presidency is largely a ceremonial post, but it does wield some important powers. The president serves as a kind of referee in political crises by deciding whether to dissolve parliament and call new elections, and by designating candidates to form governments. The post is chosen in a secret ballot in the two houses of Parliament and by regional representatives. In the past, Italy's fractious political parties have required as many as 23 rounds to agree on a candidate. Ciampi made no immediate public comment, staying home during and after the vote while congratulations poured in from leaders of political parties, industry and labor. A longtime central bank governor and political independent, Ciampi, 78, won respect with his reputation as an economic straight arrow, single-mindedly overseeing Italy's surprise qualification for the debut of Europe's common currency, the euro. ``Diligence, accountability, discretion'' are his main qualities, the Corriere della Sera newspaper said before the vote. ``Except for chocolate, he has no known passions.'' Ciampi submitted his resignation as treasury minister late Thursday. The government nominated Giuliano Amato, a Socialist who led a 1992-93 austerity government, to succeed him. Ciampi had been treasury and budget minister since 1996. He served as Italy's central bank governor from 1979-93 and was premier from 1993-94. At least 674 votes -- two-thirds of the eligible electors -- were required for a candidate to become the next head of state. When the tally got near that number Thursday, most within the crowded Chamber of Deputies broke into a standing ovation for Ciampi, who went on to garner 707 votes. It took 10 days and 16 ballots in 1992 to elect the current president, Oscar Luigi Scalfaro, whose seven-year term expires in two weeks. Thursday's election by lawmakers might be the nation's last, with the government and opposition pledging to work together to bring Italy more in line with the rest of Western Europe, including direct election of the head of state by citizens. Last month, Italian reformers attempted in a referendum to change electoral law and end decades of political instability that have given Italy 56 governments since World War II -- all based on shaky coalitions. Although 91 percent of those who cast ballots April 18 voted for the reforms, not enough people turned out to make the vote valid. DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om