Neofascist Giorgia Meloni will be the next Italian Prime minister. I feel I have to write about this being in Rome, but I am clueless as to how it happened (I wasn’t optimistic a year ago – I was expecting authoritarian xenophobe demagogue Matteo Salvini to be the next Italian prime minister — I guess the photo of him wearing a Vladimir Putin T-shirt when on Red Square might have cost him the authoritarian but not that authoritarian vote). A much...
Read More »The economic and social consequences of the war on Europe and Italy
Sergio Cesaratto – The economic and social consequences of the war on Europe and Italy Brave New Europe, May 12, 2022 Political realism offers useful keys to interpreting the international political economy, which has never been more endangered than today by the military escalation in Ukraine. The EU and Italy risk to be the pots and pans in the unprecedented economic crisis looming ahead. Sergio Cesaratto teaches European monetary and fiscal...
Read More »Europe’s debtors must pawn their gold for Eurobond Redemption
And their central banks can buy unlimited amounts to support the price. Not that they would do that… Europe’s debtors must pawn their gold for Eurobond Redemption By Ambrose Evans-Pritchard May 29 (Telegraph) — The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy,...
Read More »Maastricht: nessun prosecco
Da Brave New Europe, 1 febbraio 2022Sergio Cesaratto – The anniversary of Maastricht: little to celebrate The Maastricht Treaty was signed on 9 February 1992. Thirty years later it is responsible for much suffering, inequality, and poverty within the fragile eurozone. Sergio Cesaratto teaches European monetary and fiscal policies at the University of Siena. He is author of Heterodox Challenges in Economics – Theoretical Issues and the Crisis of...
Read More »Those Italian subsidies for Germany
Sergio Cesaratto – Those Italian subsidies for Germany December 8, 2021 Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Regulation Italy has paid for certain ill-advised policies of the ECB – influenced by Berlin, the dominant power in Europe – with dozens of points of additional debt/GDP and finding itself ever poorer, while Germany symmetrically gained. Sergio Cesaratto teaches European monetary and fiscal...
Read More »Intervista su Brave New Europe
Thanks to my friend Mathew Rose, uno strano americano a Berlino. Interview with Sergio Cesaratto: Draghi and the Italian Melodrama Brave New Europe, February 7, 2021 Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union, University of Siena. Many of the topics of this conversation are developed in his latest book: Sergio Cesaratto, Heterodox Challenges in Economics – Theoretical Issues and the...
Read More »The Next EU Degeneration
Pubblicato da Brave New Europe, a breve la versione italiana. Sergio Cesaratto – The Next EU Degeneration February 2, 2021 Austerity, Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Neo-Liberalism in the EU, Regulation, Solutions The Next Generation EU programme is full of pitfalls for many EU nations, as here in Italy. Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal...
Read More »An interview on Italy, Greece, the Left and Marxism – VOX POPULI
This is the English transcript of an interview that will appear in VOX POPULI (https://revolucionvoxpopuli.wordpress.com/) translated in Italian VOX POPULI interview December 2019 You stood out in 2016 with the famous letter against SYRIZA, indicated as a subject falsely aimed at change. In particular, you accused SYRIZA of having negotiated with the EU, thus accepting the logic and structure of the Troika program. The conditions that were then emerging and which you lucidly predicted...
Read More »Fiscal Money Can Make or Break the Euro — Yanis Varoufakis
The parallel payment system that Greece's government proposed in 2015 would have bolstered the eurozone. By contrast, the Italian government's planned "mini-Treasury bills" would lead to the single currency's demise. Sounds like the Italian plan is far superior.Project SyndicateFiscal Money Can Make or Break the Euro Yanis Varoufakis
Read More »Pepe Escobar — All roads lead to Rome for Xi
Backgrounder on Italy and BRI (and more). China marches (and sails) west.Asia TimesAll roads lead to Rome for Xi Pepe Escobar
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