The future of Europe was supposed to be one of a common state to guarantee peace within our borders, democracy, development, growth, power at the global level. Our founding fathers got it right when they started with first things first. … Continue reading →
I do not understand the quasi-religious discussions about quantitative easing (QE). It is appropriate if economic conditions justify it, in particular in countries facing a liquidity trap that may lead to deflation. The instrument is implemented in the UK and … Continue reading →
Here is Italy today for you. We do have apparently 105 million euro from the EU available for Pompei’s maintenance, but the tender procedure will make these works start in the next Fall. In the meantime, our beautiful villa belonging … Continue reading →
At the end of June of this year Italian spreads over German bunds were lower than Spanish spreads by 60 basis points, 0.6%. One month later both countries were perceived as equally risky by investors. After that Italy became increasingly … Continue reading →
Imagine you had a time machine. Now you have boarded it, pushed the button to travel far, but you forgot whether you have travelled back to January 1932 OR moved forward to next year, January 2012. Imagine you exit your … Continue reading →
So, this strange thing happens to me everytime I argue in favor of more public spending in this recession. I am told that Italy, with its public debt, will never be allowed by the European Union to run a deficit. … Continue reading →
A recession is when an entrepreneur is eaten up by debts and decides to take his life. A recession is families not sure of receiving their basic health services. A recession is two bordering countries fighting among their state leaders … Continue reading →
It seems that the primary breeding ground for what might, in the widest possible sense of the word, be understood as an opposition in the post-totalitarian system is living within the truth. The confrontation between these opposition forces and the powers … Continue reading →
Il ne faut pas blesser une bête. On la caresse ou on la tue. Jacques Chirac “Former President Jacques Chirac will not only go down in history as the first French head of state since World War Two to stand … Continue reading →