Yesterday, the Italians chose to rebuff Prime Minister Matteo Renzi by voting ‘no’ in the referendum he proclaimed, supposed to introduce certain amendments to the country’s constitution. Officially, the question is whether to institute a more responsive and effective legislative system in the customarily politically unstable Italy. The three opposition parties strongly supported the ‘no’ […]The Italian ‘no’ and France’s Fillon to reshape Europe; Paris moves closer to Berlin
December 5, 2016 by Leave a Comment
Yesterday, the Italians chose to rebuff Prime Minister Matteo Renzi by voting ‘no’ in the referendum he proclaimed, supposed to introduce certain amendments to the country’s constitution. Officially, the question is whether to institute a more responsive and effective legislative system in the customarily politically unstable Italy. The three opposition parties strongly supported the ‘no’ […]Will Eurozone be able to repay its debts? Is a bubble forming there?
April 23, 2015 by Leave a Comment
This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]ECB’s billions fortify south Eurozone except Greece; everybody rushes to invest in euro area bonds zeroing their yields
March 9, 2015 by Leave a Comment
Even without having spent yet a single euro the European Central Bank’s program of sovereign bond buying of €60 billion a month has had an enormous impact on world financial markets. It suppressed the euro dollar parity from the unbearably high levels of 2014 (1.39 on 9 March 2014) to 1.08510 last Friday, the lowest […]“For my children Italy will be an innovation lab and not a museum”; the Sting reports live from World Economic Forum 2015 in Davos
January 21, 2015 by Leave a Comment
The World Economic Forum 2015 just started earlier this morning amidst the ice cold Swiss Alps. After facing the train delays in Klosters Platz and all the increased security control, we were all queuing to sit at the Congress Hall of Davos Congress centre. The first most important session for World Economic Forum 2015 yet to come just finished […]EU to finance new investment projects with extra borrowing; French and Italian deficits to be tolerated
October 30, 2014 by Leave a Comment
The EU Commission has correctly translated the ideas emanated from the Brussels’ European Council of 23-24 October and accordingly adjourned confrontation with France and Italy over budgetary deficits and extra investment spending for 2015. European Commission Vice President Jyrki Katainen responsible for financial affairs and the euro seems to have read very carefully the Conclusions […]Is Germany yielding to pressures for more relaxed economic policies?
October 9, 2014 by Leave a Comment
Not surprisingly, European Commission’s quarterly review on ‘Employment and Social Situation’ and its “Annual Report on European SMEs 2013/2014” which were published last week, both conclude that economic recovery is still quite uncertain, while small and medium businesses are always in contraction, constituting the main impediment to growth. Despite all that, and as if economic […]EU Top Jobs summit ended with no agreement: welcome to Europe’s quicksand!
July 23, 2014 by 3 Comments
If finding the right balance in things is some kind of art, we should say that finding the right balance in the right time is for sure the key to success. And something rare for real. The European Union can be for sure a good case study of how difficult it is to reach a […]The umpteenth Italian overturn takes Renzi and PD to unprecedented victory at EU elections
May 28, 2014 by Leave a Comment
It’s been already three days since the final results of the EU Elections entered our homes and we had some time to digest and discuss about them. No matter how you would like to see it, Italy has surprised Europe once more. This is not exactly a positive thing for a country that is in […]
