Years ago, I had seen this shameful end when the company was taken over by Telefonica. The death of Telecom Italia began in 1999 when D‘Alema, who was then the President of the Council, had it taken over by the “Captains Courageous” and saddled with debts. D‘Alema, the merchant banker of Palazzo Chigi, is the main one responsible for this catastrophe. A company without financial problems suddenly found it had more then 30 billion euro in debts.