Prodi, Romano

Prodi, Romano

(rōmä`nō prō`dē), 1939–, Italian politician, premier of Italy (1996–98, 2006–8), b. Scandiano. Educated at the Catholic Univ. of Milan (grad. 1961), he is a trained economist and served (1978–79) as Italy's minister for industry; he also was a professor of economics at the Univ. of Bologna, a visiting professor at Harvard, and a researcher at the London School of Economics. An expert on European industrial policy, he twice served (1982–89, 1993–94) as chairman of the Institute for Industrial Reconstruction (IRI), Italy's state holding company. Prodi reentered politics in 1994 as leader of a center-left coalition that was victorious in the Apr., 1996, general elections. As premier, Prodi formed the first left-leaning Italian government since World War II. He made Italy's joining the single European currency a prime goal and won passage of budgets that significantly reduced the government deficit. From 1999 to 2004, Prodi was president of the European CommissionEuropean Commission
(EC), institution of the European Union (EU) invested with executive powers; it also is the main EU institution that initiates legislation. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the
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. In 2005 he won a center-left primary to lead the opposition coalition challenge to Premier BerlusconiBerlusconi, Silvio
, 1936–, Italian business executive and politician, premier (1994; 2001–6, 2008–11) of Italy, b. Milan. His first fortune was made in real estate during the 1960s.
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 in 2006, and the center-left subsequently narrowly won control of parliament. Loss of a foreign policy vote in the Italian senate led Prodi to resign and re-form his government in Feb., 2007. His coalition finally collapsed in Jan., 2008, and new elections were called; Walter Veltroni, head of the Democratic party, succeeded Prodi as coalition leader, and Berlusconi's conservatives subsequently won the elections.
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