Brainstorm on Politics and Economics of the EU

Archives for Euro & Finance

  Questo mio articolo è stato pubblicato su Il Foglio Quotidiano il 16 febbraio 2017. L’economia italiana cresce dell’1,1 per cento ma il pil reale pro capite rimane sotto il livello del 1998. Non sorprende che la sofferenza sia così lunga, dato il surreale dibattito economico. Dall’Imu all’ossessione per il surplus commerciale della Germania, ora… » read more

Posted by Claudio Baccianti

Some Eurozone countries are playing a foolish game. Structural reforms are oversold with moralistic arguments to avoid accepting the obvious: some kind of transfer system is necessary and urgent. We all agree that the European Monetary Union (EMU) needs a different institutional framework with better governance. We also all agree that EMU economies will never… » read more

Posted by Claudio Baccianti

Varoufakis uses a good argument in the wrong way. He wants Greece to relax its government budget, using other countries’s money. The opposition to this strategy has little to do with being Keynesian or not. The Greek Finance minister Yiannis Varoufakis has spent the last years trying to convince the public opinion that the Troika’s… » read more

Posted by Claudio Baccianti

As the rethoric goes, Germany has always been careful in taking out debt financing. In German culture debt is considered a sin, from which the literal translation of “die Schulden” is “fault” or “guilt”. Every day Wolfgang Schäuble, the German finance minister, remembers all other European peers that debt is the problem, not a solution.… » read more

Posted by Claudio Baccianti

Today Giovanni Sartori, the most renowned italian political scientist alive, published some interesting reflections about the original sins of the European project. The article “Governicchi and governacci. Economia e politica, le ragioni della crisi” (literally: Pitiful governments and bad governments. Economics and politics, the reasons for the crisis ) appeared on the Corriere della Sera,… » read more

Posted by Claudio Baccianti