Italy

What is really wrong with Europe

What is really wrong with Europe

That’s the subject of a recent column by the Financial Times‘ Martin Wolf.  It is a different diagnosis than is found in the US media: What happened in Europe was that countries in its industrial core achieved massive export surpluses by combining high labour productivity with stagnant wages. The resulting revenues led to huge capital […]

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Is Italy Next?

Is Italy Next?

That’s what a recent article in Deutsche Welle suggests: Eurogroup President and Luxembourg’s Prime Minister Jean-Claude Juncker had a good reason for last weekend’s warning that Italy could be the next country to fall prey to the debt crisis that is engulfing Greece. Italy has the second highest public debt in the eurozone, after Greece. […]

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