S. Micossi – The Eurozone: a monetary union without a capital market

This Policy Brief calls our attention to the dire state of integration of capital markets within our monetary union, and...

December 12, 2018

S. De Nardis: The unbalanced monetary union

At the root of the Eurozone crisis was the building up of competitiveness gaps, current account imbalances and associate...

December 3, 2018

C. Bastasin, M. Messori: And if Juncker was Italy’s best ally?

The letter that Minister Tria sent on November 13 to the Vice-President and the Commissioner for Economic Affairs of the...

November 27, 2018

S. Micossi, A. D’Onofrio, F. Peirce: On German External Imbalances

This paper describes four features of the German economy which lie at the root of its external imbalances: the evolution...

November 23, 2018

C. Bastasin: The problem is not EU’s fiscal rules, but Italy’s economic strategy

The argument that the Italian government is using to change the fiscal policy strategy is captivating. It is basically s...

October 31, 2018

S. Micossi: Commission rejection of Italian budget may be justified, but what comes next?

The European Commission has returned Italy’s Draft Budgetary Plan (DBP) to Rome with the request to provide a redraft ...

October 25, 2018

L. Codogno, M. Monti: A Stylised Narrative of Italian Banking Problems

The risk of a new recession in Europe, the end of Quantitative Easing by the ECB, and the spread of populism and Eurosce...

September 19, 2018

M. Messori – The 2019 Budget Law: The Dangers for Italy’s Role in Europe

The dramatic increase of Turkey’s insolvency risk on the international markets and the possible collapse of its nation...

September 4, 2018

C. Bastasin: The German’s government’s strategy for the euro area in view of Italy’s instability

In a period of three months, ever since “Plan B” for exiting the euro was unveiled by economists close to the curren...

September 3, 2018