Updates from the EU
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
Minister Tria’s Letter to the European Commission
In response to the European Commission’s letter on Italy’s Draft Budgetary Plan for 2019, Minister Tria defends his position, explaining Italy’s economic situation and the factors that motivated him to “deviate” from EU rules. Click here to read the text...
A Budgetary Plan That is Full of Uncertainty – Massimo Bordignon – lavoce.info
The draft budgetary plan confirms the figures of the Update Note to the Economic and Financial Document on the higher deficit and the growth forecast. More resources will come from an increased tax on businesses. But little is still known about the...
The Unreasonable Expectations of the Euroskeptics – Carlo Bastasin – Il Sole 24 Ore
According to declarations made by high-profile figures in the Italian government, its strategy for liberating itself from European rules and obtaining more room for fiscal maneuvering is to wait for the European Parliamentary elections in May 2019 and...
The Economic and Financial Document is Political Gamble – Paolo Guerrieri – Affari Internazionali
The author argues that the state budget proposed by the Italian government is designed only to strengthen consensus around the sovereignist coalition for the European elections in May 2019 and is not compatible with the current economic situation in the...
Meeting to Discuss Minister Savona's Document “Una politeia per un’Europa diversa, più forte e più equa”
On Monday, October 15 ASTRID organized a meeting to discuss the document “Una politeia per un’Europa diversa, più forte e più equa,” prepared by Minister Savona and available on the Presidency of the Council of Minister's site. Four speeches...
Competition Needs More Investments – Stefano Manzocchi – Il Sole 24 Ore
The author poses the question whether the economic policies outlined in the Italian government’s Economic and Financial Document include enough public investment to stimulate competition. Click here to read the article in Italian.
Five Reforms the ECB Should Embrace – Lorenzo Bini Smaghi – Financial Times
As the euro approaches its 20th anniversary, it's time to assess the performance of the European Central Bank during its first two decades of operation and assess whether changes may be desirable in its policy framework. Click here to read the article
A Maverick Italy Risks Destabilising the Whole EU – Lorenzo Codogno – Financial Times
Separating the signal from the noise is not always easy, especially in Italy. However, this time the signal is loud and clear: Italy is going for fiscal loosening. It’s the wrong approach for several reasons. Click here to read the article