November 28, 2019
The ESM: what is and what is not in the reform – Angelo Baglioni and Massimo Bordignon – Lavoce
The political arena is heating up as the European Stability Mechanism reform, which seems to have suddenly fallen from the sky (not true), is being finalized. It would be useful to get out of the crossfire and understand what it is all about and whether...
November 27, 2019
Digitalization will increase inequality – Interview with Jean-Paul Fitoussi – Il Sole 24 Ore Radiocor
Professor Fitoussi believes that today’s industrial revolution does not have an impact on the economy, which is still stagnant in most countries. On the contrary, it even increases social inequalities. The role of the state in creating welfare measures...
November 26, 2019
Instead of fighting over euro reforms, Italy should reduce its debt – Pier Carlo Padoan – Il Foglio
The author states that Germany’s willingness to complete the banking union and introduce a European deposit insurance mechanism is an opportunity for Italy to contain its risks, the main one being related to its excessive government debt. Click here to...
November 20, 2019
Italian myopia and the error of ignoring the future – Maurizio Ferrera – Corriere della Sera
Italian politicians should put on glasses and look up, says the author. They must realize that public opinion has matured and that there is more activism among the younger voters, who are aware of their future and have an idea of what it should be like....
November 18, 2019
Why the Italian public debt is the riskiest in Europe – Lorenzo Bini Smaghi – Corriere della Sera
Despite the fact that Italy’s spread has significantly decreased in the last years and today is stable between 130 and 150 basis points, the country’s public debt remains a problem. The various governments in recent years have not been able to maintain a...
November 6, 2019
FCA-PSA merger - Comment by Marcello Messori – Class CNBC Caffè Affari
Professor Messori analyzes the effects of the merger between the French and the Italian(-American) car giants, especially the possible repercussions that the deal will have on employment in Italy, which, compared to France, has a more fragile economic...
November 4, 2019
Marcello Messori participates in La 7’s Coffee Break
Professor Messori gives a general overview of the Budget Law for 2020 and analyzes specifics such as the fight against tax evasion, wealth distribution and even the missed opportunity of increasing VAT in order to finance investments in certain companies...
November 4, 2019
Is the Euro a global currency? – Pier Carlo Padoan – Il Foglio
The Euro has entered a new era that is characterized by zero interest rates and international relations that appear more bilateral rather than multilateral. The ECB’s new president, Christine Lagarde, will face many challenges in guiding the Euro in these...