Covid-19: the upcoming European crisis and the debate among EMS and Eurobonds.
Go big or go home: next step for EU?
Coronavirus has struck a large number of human lives, this is the reason why the majority of the countries have decided to start a period of lockdown. The quarantine, in Italy, has obliged the majority of firms to stop their activities, as they are not considered essential goods makers. This situation is clearly leading the global […]
Trade Wars – When Nash Equilibrium meets Deglobalization
Recently there has been a heated debate over a fiscal harmonization inside the Eurozone. Many politicians and economists ask for the unification of fiscal power and this request has become even more powerful with the exit of UK from the EU. Enrico Letta, an important Italian politician and academic, has lately published an article sustaining […]
European Reflation: All that Glitters ain’ t Gold
Trade war – noun – “a situation in which countries try to damage each other’s trade, typically by the imposition of tariffs or quota restrictions.”. The US-China trade war, despite the looks of being surging now, it has already started by 2016 when Donald Trump was fighting for presidency: “Any country that devalues their currency […]
Annual inflation in the Eurozone has surged to its highest levels since 2013. Having already hit 1.1% in December 2017, it has now jumped to 1.8% in January 2017, according to Eurostat. Despite the consumer price growth acceleration, the European Central Bank insists that the aggressive monetary stimulus must continue. Draghi’ s attention is focused on […]