Giulio Moretti

Giulio Moretti
Dux of La Rossa
In office 15-8 35 PC – 7-2 39 PC
Preceded by	Dario Silvano
Succeeded by	Leo Minestrici di Mineria
In office 7-2 57 PC – 7-2 65 PC
Preceded by	Bartolomeo Marone
Succeeded by	Bartolomeo Marone
Board Member of Banca Nazionale
In office 1-3 28 PC – 15-8 35 PC
Appointed by	Alessandra DeGaio
Advisor
In office 7-3 33 PC – 15-8 35 PC
Personal details
Born	17-8 1 PC Padeno
Nationality	Rossan
Education	University of Padeno Faculty of Mathematics

Giulio Moretti (born 17-8 1 PC) is the current Dux of La Rossa. Elected once more in 57 PC, he had previously reigning during a period from 35 PC to 39 PC. Rising to power after the death of Dux Dario Silvano, he was appointed to serve out the rest of his term by the Advisory Council, of which he was part of. He had served as the Chair of Banca Nazionale prior to rising to the position of Dux, and was among the youngest to hold either position. Although highly ambitious in his career, the weak economy left by his predecessor, and the weak coalition he was to govern with proved to be a great hurdle in the nation's recovery. He was the first Dux to be born in the Denunzian era, having been born during the first year of the beginning of the revolutionary period.

Early Life

Born at the very beginning of the Silver Crisis that swept the island in 1 PC, Giulio Moretti would come to be part of the first generation to completely live under governments born from the collapse of the old order. With most lower-class, working people for the first time being given the opportunity to rise up from poverty due to the nation's newly established and expansive welfare programs, funded by the previous aristocracy's wealth, the power-centralizing nation for the first time saw a great need for a vast and organized administrative state. Born in the vicinity of Padeno to a family of farmers, Giulio Moretti was the first in his family to be granted access to higher education. Granted tuition at the University of Padeno at the age of 16, it showed to be an irresistible opportunity, one for which he had left his parents and moved to the inner city.

In his studies at the University, during the course of which he had been described as bright by several of his professors, he would begin to take great interest in applied mathematics, especially in the field of economics and business. Devising an argument in late 18 PC for the uncoupling of the nation's currency from fixed-covertible material goods (silver), his paper, publicized surprisingly quickly, argued that the measure would allow the state to engage in money creation he believed necessary for growth through investment. The value of the currency, instead of remaining static, meanwhile, would fluctuate due to market forces, decreasing with the government's printing, encouraging spending. He would receive an honorary degree at the University two years ahead of his fellow students. With the measure being implemented by the reigning Ducissa in 20 PC, following review and endorsement from several of the nation's economists (who noted similar mechanisms in place in the developed nations of the world, such as Utlia), he would find quick employment once outside of university studies. Becoming a banker in Padeno, he swiftly rose through menagerial positions due to a combination of ambition and intellect, receiving renewed attention from the Rossan state before reaching 30 years of age. His early insights would eventually be refined, and once again be published in The Modern Theory of Economics, which has served as an important guide for the Rossan markets ever since.

Board of Banca Nazionale

In 28 PC, Moretti was appointed to the Board of Banca Nazionale, the island's central bank, at the behest of Ducissa Alessandra DeGaio. Being offered the position after his intellectual prowess was noticed, the aging Ducissa was prompted to appoint him by her Advisors in response to new signs of economic worry. Becoming one of the six board members in charge of the bank, he became a significant part of the regulatory body keeping the nation's monetary policy under control. The economic crisis of the following years, marked by slowing growth and rising inflation, cast the effectiveness of the central bank in doubt as it proved unable to deal with the insecurity in the market.

Moretti, however, would maintain that the fault lied in the centralization of power in the hands of Dux Silvano, whose high deficit spending, meant to keep standards of living level, clashed with the reforms required to bring back stability and growth to the market. Even with the rate of the printing of currency remaining at the lowest legal amounts, just necessary to pay for the state's budget, it far outpaced the capabilities of the Banca Nazionale to deal with the inflationary consequences, unable to fully offset them. Calling for more administrative independence and an end to unilateral budgetmaking, Moretti, still on the board of the central bank, a position he could not be fired from, ran in the elections for the Advisory Council, winning in 33 PC. Describing himself an ideology ally in most fields, he nonetheless became a harsh critic of the leader's fiscal policies, which he had claimed went contrary to those goals, blaming them for a loss of confidence in the Rossan market.

First Reign as Dux

Rising to power during a chaotic set of circumstances, the sudden death of his predecessor saw Moretti appointed to the throne a little more than a week after his death. Taking the reins of a struggling economy, Dux Moretti inherited the unenvious task of reviving stagnant wages and suppressing the high inflation that marked the times. Moving away from the deficit spending of Dux Silvano, which sought to offset the loss in wages with a rise in welfare, at the cost of inflation, Moretti culled spending in order to more ambitiously tackle the rise in prices, which often overshadowed growth in wages. Despite his difficult situation, during the beginning of his term, he was widely considered to be a young, reformist figure who was expected to revitalize the nation, a feeling that had almost fully subsided by the end of his second term.

Although published economic data showed that the administration's policies cooled inflation, which ran rampant during the preceding term, the slow-moving effects failed to deliver a positive change in the population's standards of living by the time of the 39 PC elections. He was beaten by Leo Minestrici di Mineria, a member of the island's past aristocracy who campaigned heavily on opening the island up to international trade. With a rise in real wages being measured in the years following his defeat, some economists have given the short-reigning Dux credit for laying the groundwork for the growth under Dux Minestrici, although his public image remains far from such. He was the first incumbent Dux after La Denunzia to lose an election, with all the others resigning or dying in office.

Rossan Opening

After losing the election for Dux, Giulio Moretti returned to his position as a bank manager in Padeno, being appointed as CEO of Miglio Investments and Banking, a position he has continued to hold for years afterwards. The rise in investments in the slowly-opening economy has led to the nation's banks thriving, with rises in profits, reserves, and borrowing. According to Il Giornale Economico, Moretti is believed to hold a place among the 50 wealthiest Rossans on the island, although his net worth had fluctuated over the years. He would eventually resign following his victory in the 55 PC Advisory Council election in Padeno, held a month after Dux Vincenzo Barozzo decided to hold onto his position as Dux following the surprising death of the opposing candidate. Running as a member of Isola, Moretti nonetheless attempted to strike a moderate tone as a leader of an opposition to an administration marred in scandal and corruption, rather than as a firm opponent of internationalism. As Dux Barozzo descended into authoritarianism in order to continue to cling onto power, Moretti had attempted to guide an opposition movement to his government. Despite his predominant calls for non-violent action, he would be arrested and imprisoned.

A military rescue operation led by Deysachni forces would end up toppling Barozzo's short lived regime, and freeing Moretti, alongside other surviving political prisoners. With Deysachin's backing, the internationalist Bartolomeo Marone, who remained in hiding for the past several months, would be proclaimed Dux. Moretti would continue calling for calm, and asked for the nation to accept Marone as its leader until the following elections, in order for the land to heal from the destruction of the past months. Marone, striking a similarly concilliatory tone, promised not to pursue radical action without the backing of a clear majority of the electorate. With most of the more radical opposition dead by that point, Moretti and Marone stood as the only major candidates in the following election.

Second Reign as Dux

Moretti would win the 57 PC election for Dux, promising to bring about an era of greater economic equality by curbing the power of the Six Families, of which Barozzo was a part of, in order to never again allow such small groups of people to amass such great power, in what he saw as a great failing of La Denunzia, which had begun with the same exact goal. Following trials for collaborators in Barozzo's rise to power and the power of his regime, Moretti would begin a campaign of Riorganizzazione, aiming to restructure the Rossan economy into providing a more competitive egalitarian, competitive market by breaking apart large corporate monopolies, increasing economic spending and expanding welfare programs.

Electoral History

33 PC

33 PC Advisory Council Election in Padeno

Alignment		Candidate	Votes	Votes (%)
	Denunzian	Giulio Moretti	615,011	59.2%
	Internationalist	Paolo Alessandro Miglio di Padeno	290,012	27.9%
	Independent	Bruno Triedici	85,155	8.2%
	Independent	Fernandino Grosso	48,702	4.7%
Total Votes			1,038,880	100%

35 PC

35 PC Advisory Council Election in Padeno

Alignment		Candidate	Votes	Votes (%)
	Denunzian	Giulio Moretti (incumbent)	567,129	56.4%
	Internationalist	Paolo Alessandro Miglio di Padeno	340,122	33.8%
	Independent	Fran Gallo	98,297	9.8%
Total Votes			1,005,548	100%

35 PC Special Advisory Council Confirmation for Dux

Option		Votes
	In favor	4
	Against	1
Result		Appointed

37 PC

37 PC Election for Dux

Alignment		Candidate	Votes	Votes (%)
	Denunzian	Giulio Moretti (incumbent)	1,781,712	52.1%
	Internationalist	Leo Minestrici di Mineria	1,514,968	44.3%
	Independent	Luca Minestrone	123,112	3.6%
Total Votes			3,419,792	100%

39 PC

39 PC Election for Dux

Alignment		Candidate	Votes	Votes (%)
	Internationalist	Leo Minestrici di Mineria	1,867,538	54.8%
	Denunzian	Giulio Moretti (incumbent)	1,534,521	45.2%
Total Votes			3,402,059	100%

55 PC

55 PC Advisory Council Election in Padeno

Alignment		Candidate	Votes	Votes (%)
	Isola	Giulio Moretti	688,122	59.4%
	Mare	Donatello Miglio di Padeno	470,332	40.6%
Total Votes			1,158,454	100%

57 PC

57 PC Election for Dux

Alignment		Candidate	Votes	Votes (%)
	Isola	Giulio Moretti	2,012,998	50.7%
	Independent	Bartolomeo Marone (incumbent)	1,937,560	48.8%
	Independent	Modico Fissore	19,852	0.5%
Total Votes			3,970,410	100%