Tag "italy"
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Europe’s Golden Eleventh Hour
In true EU fashion, a compromise solution is taking shape for member states unable to power up their economy for the post-corona recovery. French president Emmanuel Macron and German chancellor Angela Merkel have proposed the creation of a €500 billion
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No Quick Recovery for Europe
Just before the weekend, Germany nosedived into a recession after the Statistisches Bundesamt, the country’s statistics bureau, announced a 2.2 percent contraction of GDP over the first three months of 2020. The economy shrank 0.1 percent in Q4 2019. A
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The Fabric, and the Notion, of EU Solidarity is Being Ripped Apart
Italians are suffering – but they are also angry and defiant. EU flags are being burned. On social media, Italy’s citizens are telling each other, and the world, that “we will save ourselves”. Prime Minister Giuseppe Conte is pleading for
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Clash over Eurobonds Widens Rift in Eurozone
Sixteen hours into their videoconference, sleep deprived Eurozone finance ministers early this morning agreed to disagree and try again for consensus later today. Eurogroup Chairman Mario Centeno suspended the discussion and said a deal was close, but still out of
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Smoke and Mirrors Line the Fringes of the Pandemic
Luigi di Maio owes his rapid ascendancy in Italian politics to an almost virulent display of Euroscepticism. It propelled the former drinks vendor at the Naples San Paolo football stadium to a top spot in his country’s notoriously vicious political
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Business in Times of Corona: Time to Make America Great Again
The corona pandemic rapidly engulfing the world has led to a sudden reversal in the plight of the nation state as a concept. Rescued from well-deserved oblivion, even smaller countries that have traditionally embraced multilateralism as the only viable way
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Fondo Pensione Nazionale: ESG and Risk Minimisation are Top Priorities for this Progressive Fund
Fondo Pensione Nazionale, founded in 1987, is a complementary pension fund for Italian co-operative and agricultural banks. As a fondo preesistente, a type of fund found only in Italy, it is subject to regulation that prohibit free investment. Fondo Pensone
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Carlo Giugovaz: Thought-Leader Who Bets on Banking Industry Innovation
Among the pioneers of the digital banking age and one of most recognised innovator and FinTech thought leaders in Europe. He has more than 35 years’ experience in banking industry and started out on a new path – that of
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Danièle Nouy: Getting Tough with Bankers
It is her job to keep Europe’s banks on the straight and narrow and remind their executives that honesty pays. During her four years as chairperson of the European Central Bank’s (ECB) supervisory board, Danièle Nouy made few friends in
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Kenneth Rogoff: Are Emerging Markets the Canary in the Financial Coal Mine?
Are brewing exchange-rate and debt crises in Argentina and Turkey localised events without broader implications? Or are they early warning signs of deeper fragilities in bloated global debt markets that are being exposed as the US Federal Reserve continues to
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