L'Italia e la Spagna dovranno passare sottole Forche Caudine della supervisione di Bruxelles e Francoforte, mentre il futuro dell'euro rimane incerto per la mancanza di crescita dei paesi in difficoltà.
One thing is certain: the American rating agencies are not “neutral”. Their proposal is to change the economies of the debtor countries though privatizations, wage restraint and labor market deregulation.
A higher inflation rate of three to five percent produces better outcomes by lowering the unemployment rate and creating labor market bargaining conditions that help connect wages to productivity growth.
The season oftricksis ove. The time has come to forget Eurobonds and to increase the ESM size, enabling ECB to legitimately raise the scale of its operations.
