BEHIND THE CURVEBALL

Well. it looks like Berlusconi is following Papandreou out through the exit door, as demanded by Merkozy. This morning, the BBC pondered the future for Italy. Naturally, they push the “tighter fiscal and political union” fantasy of Barroso and his pals. They are also fixated on the personality of Berlusconi.They might do better to listen to the markets, now factoring Italy’s 10yr bond rates at 7%. That’s immediate bail-out time, and this time, not enough cash in the coffers to bail Italy out. So why does the BBC not discuss the central issue here – namely Euro-Governments spending more money than they have? The impossibility of such diverse economies as Germany and Greece? The hubris of the European elite who have ignored the profound schisms that now threaten to engulf the Eurozone? Why is the substance of the debate always so restricted?

Italian Job

A lot of people, including the (generally more junior) BBC journalists who sometimes visit this blog and take part in discussion, admire what one could call the “big beasts” of BBC journalism- people like Marr, Humphries, Simpson, and Mark Mardell. Urbane and intelligent, they are seen as figures of substance. That’s troublous to an outsider to this circle of admiration as they’re biased too.

Well, take a look at Mardell’s reaction to the Italian election [correction- have a look here. Thanks Max]. His first comments “With Italy’s elections complete, does the domination of the media by the political elite distort the debate, and will the internet change things?”

Coming from a “big beast” from within the unquestionable behemoth of British media, the hubris is comic.

But also clearly unfair when one thinks about it, however one may object to Silvio Berlusconi and his media empire. The first point is that this “empire” didn’t prevent Berlusconi losing power to Prodi two years ago. The second is that Berlusconi turned his narrow defeat into a victory by a 9% margin- quite a feat. The third is that Italians apparently made an historic sea change in their politics this election- they gave their communist party (a long-time political player) precisely no seat in either chamber. Wow. Oh, and the greens went too- analysis here.

So of course Mardell is at the front of the queue undermining the legitimacy of the Italian public’s choices by implying their thought processes were skewed. After more than ten years of Labour government, one might start to consider whether the status quo in the UK might have anything to do with the Labour-dominated BBC.