The European Commission’s Fiscal Policy Proposal Risks European CrisisDecember 9, 2022
Now on the European political table is the European Commission's proposal on the rules to govern fiscal policy of member states. Dr. Gustavo Piga argues that this proposal is even worse than its predecessors. It threatens to make an already fragile continent weaker. Italy should issue a resounding veto.
An Economic Policy to Save Italy, and EuropeAugust 18, 2022
How to craft an economic policy capable of saving Italy, and with it Europe? We have a few alternatives, summarized by the so-called "austerity trilemma" that affects the euro-area: You cannot have austerity (the loss of the possibility of using fiscal policy with increased public demand to counter adverse shocks and help the weakest), democracy, and a common euro currency simultaneously. We have to choose two of the three.