Lorenzo Codogno and Mara Monti: A Stylised Narrative of Italian Banking Problems
Marcello Messori - The 2019 Budget Law: The Dangers For Italy's Role In Europe
Carlo Bastasin: The German Government's Strategy for the Euro Area In View of Italy's Instability
Angelo Baglioni and Massimo Bordignon: Sovereign Debt Restructuring: Rules Versus Discretion
Carlo Bastasin and Marcello Messori: A New Stalemate in the Euro Area: Italy's Risky Position
P. Canofari, G. Di Bartolomeo and M. Messori: Sovereign Debt Crisis, Fiscal Consolidation And Quantitative Easing In A Monetary Union
Marco Committeri and Pietro Tommasino: Managing sovereign debt restructurings in the euro zone. A note on old and current debates
Lorenzo Bini Smaghi and Michala Marcussen: Strengthening the euro area Architecture A proposal for Purple bonds
Don't Rush, Savona - Pier Carlo Padoan - Il Foglio
Italy’s former economy minister, Pier Carlo Padoan, lists the pros and cons of Italian Minister for European Affairs Paolo Savona’s proposal for reforming the European Union, “A Politeia for a Different Europe, Stronger and More Just.” Click here to read...
The Benefits of European Supervision - Mario Draghi's Speech at the ACPR Conference on Financial Supervision, Paris
It has long been understood that deeper financial integration would lead to a better functioning of Economic and Monetary Union. And when the euro was first introduced there were encouraging signs that this integration was taking place. Price-based...
If Merkel prefers Brussels to Berlin - Carlo Bastasin - Il Sole 24 Ore
The article analyzes the current dynamics in German politics and in particular, Chancellor Angela Merkel’s position within the intricate coalition system and her possible choice to run for the top job in the European Commission. Click here to view the...
Why the European Economy Can Sleep Peacefully Despite the Crisis in Turkey - Daniel Gros - LUISS Open
The markets of Ankara and Buenos Aires are staggering, but the (financial) world is barely noticing it. In an exclusive article for LUISS Open, economist Daniel Gros examines the figures related to the GDP, exports and banks that should calm the euro zone...
A Budget for Sustaining the Debt - Lorenzo Codogno and Giampaolo Galli - Il Sole 24 Ore
Finally, after months of contradictory and somewhat alarming declarations it seems that the Italian government is trying to present a budget that is respectful of European rules. But what does Italy risk if it chooses an objective that is not in line with...
The Economics of Populism - Alberto Gallo - Algebris Investments
Ten years after the crisis, the quantitative easing music is fading. As the lights turn on, a scary reality is emerging for investors still dancing to the tune of monetary policy: the imbalances which caused the crisis are still present, there is less...
There needs to be a serious discourse on the single currency - Lucrezia Reichlin - Corriere della Sera
The crisis has demonstrated that EU rules and principles must be revised. Italy should cooperate in view of a revision of the governance of the euro. Click here to view the article in PDF in Italian.
Squaring The Circle Of The Budget And The Yield Spread - Lorenzo Codogno and Giampaolo Galli - Il Sole 24 Ore
The authors explain the contradictions between Minister of Economy and Finance Giovanni Tria’s reassuring messages concerning the 2019 Budget Law and the declarations made by other exponents of the majority government. Click HERE to view the article...