March 9, 2017 – La Repubblica published an editorial by SEP Director Marcello Messori, in which he presents a proposal for a joint intervention in Italy, as encapsulated in the SEP Policy Brief: “A Joint Intervention for Italy - A Non-Punitive Plan for Investment and Reform.” He argues that the problem underlying Italy’s lack of economic growth is the extreme uncertainty surrounding its membership in the Eurozone. This political, institutional, and social uncertainty has driven consumers toward more cautious spending habits, even though the immediate risk generated by the recent financial crises have already dissipated. The key to solving the country’s problems is changing its citizens’ mindset, convincing them to see the EU, and the economic stability it can bring, as a permaent partner. At the same time, Europe would greatly benefit from a stronger Italian recovery.
- The original article (in Italian) is available from La Repubblica.