Alitalia Just say no to meddling

Luca di Montezemolo memorably warned that, while entrepreneurs must take risks, they are not kamikaze pilots. The Fiat boss is one of a list of suitors – including Air France and Rothschild – considering investing in Alitalia’s privatisation where a deadline for preliminary offers has been set for the end of the month. But if bidders are forced to self-destruct, there won’t be any bidders at all. There are two big risks. First, that the weak left-wing government will impose so many conditions o...