http://www.ecb.int/press/key/date/2011/html/sp111118.en.html “Let me use this occasion to dwell a bit further on monetary policy in the current environment. Three principles are of the essence: continuity, consistency and credibility. Continuity first and foremost refers to our primary objective of maintaining price … Continue reading →
All this flirting with emerging economies a few days after the G20 defeat to obtain support from them: “In spite of the decoupling experienced in recent years, the fortunes of advanced and emerging economies are intimately linked. The growth of emerging … Continue reading →
Introductory remarks by Mario Draghi, President of the ECB, at the 21st Frankfurt European Banking Congress “The Big Shift”, Frankfurt am Main, 18 November 2011 “Activity is expected to weaken in most of the advanced economies. This is the result … Continue reading →
Prime Minister Monti recognized (it is the first time we hear this in the political debate, this is a good start) that no positive short-term impact on growth can come from reforms. These affect the economy over a long-term horizon … Continue reading →
Wonderful stop-over of 24 hours in Lisbon. So changed and so the same with respect to 20 years ago, last stop. Exquisite bacalhau, thank you Luis and Pedro. Portugal’s spread with Germany is at 9,5% and its policies are determined … Continue reading →
Splendida fermata di 24 ore a Lisbona. Così cambiata e così uguale rispetto a 20 anni fa, ultima fermata. Bacalhau squisito, grazie Luis e grazie Pedro. Portogallo con spread con la Germania a 9,5% e sotto tutela della troika FMI, … Continue reading →
Here follow the evolution of the French-German Government bond spread: June 1st: 0,35% July 1st: 0,39% August 1st: 0,7% September 1st: 0,72% October 1st : 0,71% November 1st: 1,18% November 8th: 1,3% November 15th: 1,92% Message received: break-up of the euro … Continue reading →
In Italy it is time to decide how to tax wealth, not if to tax wealth. So it has been decided and so it will. Smart thing? Well before answering, we should answer first a few questions: a) What are … Continue reading →
Good report on CBS’60 Minutes on Jack Abramoff, the (in)famous US lobbyist sentenced to 3 and half years in jail for his improprieties during his period of work with Congress. He paints a situation which shows that United States is … Continue reading →
How much English-based should be the Italian University system? How much should we fear the growth of undergraduate and graduate programs in English? The reader can find (in Italian…) the conservative position arguing against the spreading of English-based programs in … Continue reading →