Tag Archives: Italy

This is the second and final part in my discussion about the latest attempts by the IMF and notable New Keynesian macroeconomists to keep the ‘fiscal contraction expansion’ lie alive. The crisis in Italy is once again giving these characters a ‘playing field’ to rehearse their destructive ideas that rose to prominence during the worst days of the GFC, when the European Commission and the IMF (along with the OECD and other groups) touted the idea of ‘growth friendly’ austerity. Nations were...

Pathetic was the first word that came to mind when I read this article – The Italian Budget: A Case of Contractionary Fiscal Expansion? – written by Olivier Blanchard and Jeromin Zettlemeyer, from the Peter Peterson Institute for International Economics. Here is a former IMF chief economist and a former German economic bureaucrat continuing to rehearse the failed ‘fiscal contraction expansion’ lie that rose to prominence during the worst days of the GFC, when the European Commission and the...

Pubblichiamo la traduzione su Brave New Europe, una rivista online edita a Berlino, del pezzo su Econopoly. Sergio Cesaratto and Antonio Iero – It’s the interest rate, stupid! November 16, 2018 Economics, EU politics, EU-Institutions, Finance, National Politics Words of reason, but this is about German led social re-engineering in the EU rather than economics. Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary...

Germany still in the driver's seat? This is an unconfirmed report.Zero HedgeItaly Folds To Europe, Pledges To Shrink Budget Deficit To 2.0%; Euro Surges Tyler Durden

Mia intervista a New Europe.  Mi dicono che la rivista con l'intervista sarà diffusa  in forma stampata a Bruxelles negli hotels, lobbisti, ambasciate ecc. Speriamo che faccia innervosire qualcuno!   Published 08:37 September 28, 2018 Updated 12:54 September 28, 2018 Will Italy destroy the Eurozone? By NEOnline | IRIlia Roubanis Euro-critical discourse is mainstream in Italy. The current government is a coalition that encompasses...

Michael Stephens | September 13, 2018 L. Randall Wray, Professor of Economics at Bard and Senior Scholar at the Levy Economics Institute, was a visiting professor at the University of Bolzano (Italy) and the University of Bergamo (Italy) in May-June and at the University of Campinas (Brazil) in August. In Campinas, he gave a series of lectures for a course on Modern Money Theory. In Bolzano he gave a talk titled “Secular...

William K. Black June 2, 2018     Bloomington, MN (Third in a series of articles on Italy, Austerity, and the euro) The New York Times’ editorial board published a May 29, 2018 editorial about Italy’s ongoing political and financial issues that praised austerity in Italy.  The board cheered the anti-democratic appointment of “Carlo Cottarelli, a solidly pro-Europe and pro-austerity economist and former official of the International Monetary Fund, to form a nonelected government.”  In...

By William K. Black May 30, 2018     Bloomington, MN The European Union’s (EU) leadership continues to prove our family rule that it is impossible to compete with unintentional self-parody.  “EU leadership” is an oxymoron, largely composed of regular morons.  Consider only two examples — European Commission (EC) President Jean-Claude Juncker and Commissioner and Budget and Human Resources Minister (one of the EC’s most powerful leadership positions) Günther Oettinger. Juncker heads the...

Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society, reports Attilio Moro.... Short backgrounder.Consortium NewsThis is the New Italy Attilio MoroSee also SPIEGEL ONLINE: Have the countries in the southern part of the euro area done enough on their side to fix monetary union? Constâncio: Yes. The countries hardest hit by the crisis had high budget deficits and high...

By William K. Black May 29, 2018     Bloomington, MN Italy’s establishment has just revealed its truest beliefs and priorities.  The context was the two parties that received the most votes in the last election forming a coalition government.  The two parties seeking to form a coalition government won a majority of the seats in both houses of Italy’s parliament in the most recent election.  The New York Times reported many of the key facts, but missed the key analytics. Italy’s populists...