Tag Archives: austerity

Europe Still Fixated on Debt

April 29, 2023


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The European Commission has presented its proposal to reform the Stability and Growth Pact after months of discussions among the member state governments. Time is running out to reach an agreement, as the Pact, which sets specific limits on deficits and debt, is expected to come back into force in 2024, after its suspension in […]

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Italian Government Prompts Showdown over EU Budget Criteria

November 8, 2018

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The Italian government of Giuseppe Conte, whose EU-critical policies are driven by the leaders of the two coalition partners, and Deputy Prime Ministers, Luigi Di Maio of the Five Star Movement (M5S) and Matteo Salvini of the League, has decided to openly challenge EU budget rules. When in mid-September Economics Minister Giovanni Tria initially set […]

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Italy’s Choice: Shock or Stagnation

March 2, 2018


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Exclusive: Italy’s elections this weekend represent a choice between the status quo, with risks of further austerity and structural reforms, or a wild card of populists who may lack competence and hold anti-democratic views, explains Andrew Spannaus. By Andrew Spannaus Italy will hold elections on March 4, in which the essential choice for voters is […]

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Markets and Politics

December 1, 2017


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The Association for Italian – Eurasian Economic Exchange (ASIG) organized a conference in Milan on November 28 on the issue of the relationship between political communication and the financial markets. The event offered the opportunity to recall one of the most egregious cases in the recent history of Italy of the use of the “markets” […]

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The Troika keeps going

December 12, 2016


Despite continuous requests across Europe for an economic policy focused less on monetary parameters and more on growth, in the EU institutions requests for “structural reforms” – a code word that generally means austerity and liberalization – continue to prevail. This is evident in the case of Greece, as well as in some of the […]

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