Brainstorm on Politics and Economics of the EU

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

A must read

This time I won’t write an article, I recommend you the book: “Capital in the XXI century” by Thomas Piketty. Well, if am preparing this post it means that I really like the book. Jokes aside, I find this book enlightning on the topic of inequalities. I leave Paul Krugman convincing you to read it…… » read more

Posted by Claudio Baccianti

Representatives of China and the European Union reached a final deal on the solar panel trade dispute, clearly in favour of Chinese firms. Is it a capitulation? Weekend economic news featured the importance of diversifying your investments and the agreement between China and the EU on solar panel imports in the Old Continent. The deal… » read more

Posted by Claudio Baccianti

After the beginning of the Great Recession in 2008, the hope for new international agreements on fighting climate change has eclipsed. Even the Kyoto protocol extension at the end of 2012 lacks of significant binding constraints on Greenhouse Gases (GHGs) reduction applied by several leading economic players as US and China. Two questions keep urging… » 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