There is only one suitable instrument to address our current crisis, the European Central Bank. In order to deal with the emergency, states should issue securities with no maturity with an interest rate close to zero.
Economic problems began in Italy at the dawn of the second decade of this century. But all Eurozone is in difficulties.. Germany, which is the largest economy in the Eurozone, has been swinging between stagnation and recession for the past two years
Classical liberalism clings to the idea (in reality, an ideological bias) that competitive capitalism, closely associated with the liberal-democratic political system, is capable of self-correction.
While many Europeans are obsessed with the disaster that is supposed to engulf Britain after leaving the EU, hardly anyone is following the crisis unfolding in the EU. It is time to connect the dots.
