Interview with Marcello Messori, economist and president of Allianz Bank: "Few governments are willing to give up sovereignty, as Draghi hopes, to strengthen Europe's role. The ESM "is a tool that could be counted on in the event of a…
These days we are all wondering about the consequences of Le Pen's possible success in the French elections, but the economist Veronica De Romanis pushes us to reflect on the harmful effects of Italy's failure to approve the ESM
In the final statement of the 2024 mission on the Eurozone countries, the IMF defined the ratification of the ESM as "a priority". For President Georgieva, the ESM "is like insurance in risky times". Giorgetti instead criticizes the "prejudicial attitude of the EU towards Italy"
On the major issues of finance, Prime Minister Meloni reveals an absence of vision and strategy and an orientation that is not liked by the markets, which are always a stony guest at Government meetings
At the press conference, the prime minister responds to the failure to ratify the bailout fund: "The government has deferred to the Chamber". And she blames Conte for the mistake
Giorgetti recognizes in the Chamber that "the ESM would have been useful to us" but glosses over the crucial point: after the rejection of the ESM wanted by Salvini and Meloni, Italy is no longer reliable on a European level and is more alone
Tense hearing of the Minister of Economy Giorgetti at the Budget Commission of the Chamber which is approving the budget maneuver which will be for final examination in the Chamber tomorrow - The opposition rises up and demands Giorgetti's resignation
The resounding failure of the ESM and Italy's international isolation are of great concern to the institutional leaders of our country - Great anticipation for President Mattarella's end-of-year televised message and the pronouncement of the new Governor of the Bank of Italy...
Salvini and the Brothers of Italy try to justify the rejection of the ESM by trampling on reality but unfortunately our country will pay the price
With Italy's negative vote, the opportunity to protect itself from possible banking crises was lost. Are taxpayers aware that, in this case, the government will have to resort to extra funds, which it does not have?
The failure of the ESM will cost Italy dearly and the populist triad Salvini, Meloni and Conte will bear all the responsibility - Who knows if the Democratic Party will understand that chasing the Five Stars is madness and that being alongside them in the battle...
The majority split in the commission, then the Chamber rejected the changes to the European Stability Mechanism
The Prime Minister defends herself in the Chamber from accusations of wavering in Europe and goes on the attack, also stinging Draghi and then correcting herself - Let's hope it doesn't become an own goal for Italy
The Government is once again postponing the parliamentary approval of the ESM, irritating its European partners and giving a blow to the credibility of our country. But the showdown with Brussels is near and the meeting on the 18th on the Pact of…
French President Macron has a plan to bring Draghi to the helm of the EU - Meanwhile, the countdown has begun for the Italian Parliament's vote on the ESM
The vice president of Morgan Stanley and former Treasury Minister, Domenico Siniscalco, does not tell Giorgia Meloni and rejects her entire reckless line of European policy: on the ESM as on the Stability Pact and, more specifically...
Panetta is considered a right-wing Draghi: his technical competence is beyond question, but to become a good Governor he will have to demonstrate independence from political power, especially on 3 points. Will he make it?
The European Union has issued an ultimatum to Italy for the ratification of the ESM. Only fifteen days left. Giorgetti, with his back against the wall, must find a solution. An agreement on ratification is possible but with a clause stating that Italy will not…
GDP growth at 0,8% and deficit over 4%: these are the macro-sizes that will inspire the Nadef to be examined by the Council of Ministers this afternoon. In essence: less growth and more deficit - To obtain EU approval on the extra trade deficit…
Spain, the current president, is pushing for mediation between Italian wait-and-see and German intransigence, but the road seems to be uphill
Interview with Enrico Morando, former senator and expression of the most reformist wing of the Democratic Party - "I don't understand why the Democratic Party has joined the government's mess on the so-called extra profits of the banks" - "The platform on which it was born needs to be corrected…
Carlo Cottarelli warns of the risks to which Italy is exposed with the closure of Meloni sul Mes. Also at stake are Daniele Franco's candidacy for the EIB and Panetta's replacement at the ECB
In the ballet on the Mes, the hard line that Salvini above all would have liked to be defeated, pushing for a one-year stop. The majority are looking for a way out for the about-face: the new deadline would allow the Mes to enter into force…
Prime Minister Giorgia Meloni in the Chamber for Communications before the European Council: "There is a question of method, rather than merit, on how to promote the national interest"
The replacement of Panetta on the board of the ECB with an Italian is not automatic and in the past Spain missed a turn. Meloni expects to gather the necessary European consensus but the new postponement of the Mes is not a…
The populist ghosts of the last electoral campaign present the bill and the prime minister must find a way to exorcise them in order to sign the Mes without losing face. But it's sure to happen. It's just a matter of image and time.…
In a document sent to the Foreign Affairs Commission, the Ministry of the Economy openly denies the Government and promotes the ratification of the Mes.
The Conference of Group Leaders of the Chamber has scheduled the start of the general discussion on the Mes for the end of June: perhaps it is the turning point that will also lead Italy to sign, good last. the reform
The secretary of the Democratic Party is perhaps starting to get out of the political and programmatic vagueness: the support for Ukraine and the Yes to the Mes are very clear, even if partly obscured by the contradictions on labor policies
Despite the foolishness that the Meloni government is remedying at the European level for the failure to ratify the Mes, surprisingly it holds up the game of the premier by suggesting the postponement of the approval of the Mes
Brussels predicts Italy's growth of 1,2% in 2023 and 1% in 2024 - But the debt is still too high - Meanwhile, the Eurogroup expects Giorgetti to clarify the Mes
"The stakes of the PNRR are very high for Italy: the success of the plan would help stabilize the debt and would give us greater credibility in negotiations with European partners and with respect to the financial markets" says the director of the…
According to an EU projection, the new rules of the Stability Pact will imply for Italy an adjustment of 15 billion a year over 4 years to or 8 billion over 7 years. Negotiations begin between the countries, but the arm…
Sources in Brussels freeze the requests for changes made by Italy on the eve of the Eurogroup meeting on 16 January. On the other hand, Meloni herself is now determined to ratify the reform of the Mes
In the almost three-hour end-of-year press conference, Premier Meloni touched on all the hot topics: "I trust my allies. I won't tax my home. Go ahead with the tax reform"
The economic but also social successes of the Draghi government are a permanent challenge to the center-right which is at a crossroads: either it manages not to disperse SuperMario's legacy or, sooner or later, it will pay for the disappointment of its action of…
After Germany's accession, Italy remained the only EU country not to have ratified the reform of the ESM which essentially includes three innovations - But not ratifying it would undermine the European credibility of the new government
The judges of Karlsruhe rejected an appeal against the approval of the State-saving Fund, giving the de facto green light for the ratification of the Mes. Italy remains the only country that has not yet ratified the reform
Faced with the enormous growth in the public debt of the Eurozone countries due to the pandemic, a way out must be found that does not compromise financial stability: the solution may be to allow the ESM to purchase all the debt from the ECB…
Speaking in the Senate, the leader of Italia Viva overturns the accusation of having caused an "irresponsible crisis" and presses Conte by recalling the real crises in the country and asking the premier for a change in government action instead of a "collected" majority from a…
Conte cancels the Recovery task force and with Renzi's Italia Viva the Christmas truce kicks off - But it is too early to say that the government crisis will be avoided: the distribution of the 209 billion of the Recovery and…
INTERVIEW WITH FRANCESCO PAPADIA of the think tank Bruegel, former Director General of Operations of the ECB - For a country like Italy that hasn't grown for twenty years, refusing European funds or spending them badly would be a crime - "There's no need to invent new…
The 36 billion for healthcare have nothing to do with it: the reform of the Mes, to which Parliament has given the go-ahead, concerns a new safety net for banks and a possible discount on the conditions envisaged for…
Either Prime Minister Conte goes back on the control room, on the Recovery funds and on the Secret Service Foundation or it will be a government crisis, because Renzi will not vote on the Budget Law and will withdraw his ministers if not…
Today I vote in Parliament on the reform of the Mes, but it is on the Recovery that Conte risks, because Renzi, with the indirect support of Zingaretti and part of the Five Stars, asks the premier to cancel the cabin from the Budget Law ...
The markets await the EU's moves on Brexit and the reform of the ESM but also the decisions of the ECB on monetary policy - Piazza Affari, while closing in the red, records the leap of Moncler for the Stone shopping...
The Renzians abandon the majority meeting and reject the task force created by Conte to manage the Recovery Fund - But the hottest appointment of the week is Wednesday in Parliament, when the reform of the Mes will have to be voted on, which…
Boris Johnson plays early on the anti-Covid vaccine, but there is a suspicion that the Brexit effect weighs on the move - Meanwhile, Biden lets it be known that the new US administration will no longer be soft on China, but will change the way to counter it
Rejecting the reform of the Mes as the right-wing oppositions and part of the populists of the Five Stars do is serious damage to both image and substance for our country - The economist Giampaolo Galli explains why
In hearing before the House and Senate committees, the Economy Minister clarifies Italy's position to the Eurogroup - On Monday evening, Europe gave the definitive green light to the reform of the ESM
At today's meeting of eurozone finance ministers, two options to defuse the bomb of bad debts will be discussed, but the spotlights are above all on the Eurogroup, where Minister Gualtieri is expected to announce Italy's green light for the reform…
The French Economy Minister is in Italy to meet with his counterpart Roberto Gualtieri: the issues related to Covid and the EU are on the table, but also the match between Mediaset and the single network.
The economics lesson of those who live off sheep farming on the outskirts of Rome. What is the stigma effect and why this time it could work the other way around if we decide to take funds from the MES
During Assogestioni's R-Evolution event, there was talk of the post-Covid challenges and the role of savings as an engine of future evolution - Perissinotto (Eurizon): "the best choice is a diversified asset allocation with a risk or volatility component higher".…
The useless debate "Mes yes, Mes no" hides the crux of the question: what health policy does the government want to implement? And what kind of investments? Clarity is needed and the first to set a good example should be the executive, avoiding the blame game
The governor of the Bank of Italy spoke at the Trento Economy Festival: here are the salient points of his speech.
The Senate has approved a resolution in which the Government undertakes to use all "the tools already made available by the EU to deal with the health and socio-economic emergency", including the bailout fund - Many grillini voted…
VIDEO - The bailout fund provides for much lighter access conditions than the Recovery Fund, but in Parliament and in the majority there are still those who prefer to rage against the Mes
The prejudicial fear of controls on European funding risks making Italy lose the golden opportunity to modernize the country, the first investment of which should be destined for the establishment of a joint joint center for the repression of organized crime
Prime Minister Conte's argument that Italy cannot be the first to draw on Mes funds to strengthen the health system is simply laughable - But the whole Italian debate on European funds is bleak
Economists, politicians, opinion leaders have signed a manifesto to draw public opinion's attention to the absurdities and misleading arguments that are accompanying the debate on the Mes. From Cipolletta to Bini Smaghi, from De Vincenti to Bassanini, Messori, Macchiati, Padoan and…
In order not to contradict the paranoia of the Five Stars, Prime Minister Conte is sacrificing Italy's national interests by leading it into a dead end in the face of the novelty of the Mes, the European anti-Coronavirus fund which would guarantee our country 36 billion…
Sharp intervention by the German Chancellor, who is about to assume the presidency of the EU, on the Mes - Conte replies: "Merkel doesn't take care of us".
According to the general manager of Assonime, the funds arriving from Europe must be used "in full", therefore including the 36 billion of the Mes, and without wasting resources in a thousand streams as has often happened in the past - The compass of the…
According to an analysis published by the Mes itself, for 11 countries the rate would be negative on the 7-year loan - Convenient conditions especially for Greece, Cyprus and Italy
The Democratic Party rises up against the intentions of the premier and the Five Stars not to use the new Mes: "Do you prefer to raise taxes?" - But also the public guarantee from Sace on the Intesa loan to FCA for the Italian plants of…
The anti-release decree approved last night by the Council of Ministers is not enough to clear Conte's table of the many troubles that the Five Stars are creating for him and which are making the Government shake - Here's why
Green light "without conditionality" from the Eurogroup to the Mes, which offers Italy the possibility of immediately having 36 billion euros for the health emergency - The government splits: the grillini continue to reject the new Fund, while Pd and Italy…
Piazza Affari closes the week up, anticipating the go-ahead from the Mes and sniffing out the confirmation of the Moody's rating - Banco Bpm, Atlantia, Prysmian and Cnh Industrial shine above all - The other share lists also do well despite the…
On the agenda for today the go-ahead from the Eurogroup to the Mes "unconditionally", but also the new verdicts of the rating agencies on Italy - the USA and China are talking again and Wall Street celebrates
The Five Stars, embarrassed by the Bonafede case and by the arrival of the Mes "unconditionally", blow up the compromise reached between Conte and the Renzians on the amnesty for migrants and make the stability of the…
In his briefing to Parliament on Thursday's European Council, the Premier remained vague and did not say a word about the deep recession that awaits us - But the market did not appreciate and the spread immediately…
During the briefing to the Senate, the Premier announced the arrival of a new decree of at least 50 billion to support businesses and families - On the Mes without conditions: "Italy needs more, but refusing would be doing an injustice to…
The fall in crude oil has technical reasons, but it is also an indicator of the vulnerability of the global economy and finance - Wall Street consoles itself with Netflix and Amazon - Time X is approaching for Europe and for BTPs and spreads go up…
The very heavy fall in crude oil prices together with the uncertainties sown by the Coronavirus and the battle over the Mes weaken the Stock Exchanges - Piazza Affari around parity despite the counter-current sprint of Amplifon and Diasorin - Spread Btp-Bund at 238…
A decisive week for the choices of Europe and Italy on the ESM and Eurobonds - Texas oil collapses - And a shower of quarterly reports is expected in Piazza Affari which will begin to take the pulse of the companies grappling with…
The European Movement considers the answers provided so far by the EU to combat the coronavirus emergency to be insufficient and proposes a common plan worth 2 trillion based on four principles
Caught between two fires, the Premier has already begun the U-turn on the Mes, requested by the reformist wing of the Government and now also by Berlusconi, but he must convince the Five Stars to capitulate, which for now remain perched on the line of…
HOT REPORT BY LUISS SCHOOL OF EUROPEAN POLITICAL ECONOMY - The political clash risks having worse effects on the Italian economy than the Coronavirus despite Italy already having the resources to face the health crisis and for a gradual recovery of activity…
To use or not to use the 36 billion that the new Mes makes available to Italy to face - unconditionally - the health emergency? The entire reformist wing of the government - from Renzi to Zingaretti with Prodi's blessing - says they…
Everyone at home until the first Sunday of May but openings immediately for stationery shops and bookstores (but not in Lombardy), laundries, professional studios and some companies in safety - Vittorio Colao head of the task force for Phase 2…
After weeks of confrontation, Europe reaches an initial agreement on economic aid: 500 billion to counter the recession. But ambiguities remain on crucial points that only the heads of state and government will try to overcome next week
Holland puts its foot down and Eurozone ministers are unable to agree on anti-crisis measures - Holland also intransigent on the Mes, but Italy insists - France slides towards Germany
The premier confirms the current anti-Covid-13 restrictions until at least 19 April, to which is added the ban on sports training - Mes "inadequate as it is, but a viable tool if conditionality is no longer valid".
According to the director of the Mes, to launch the Coronabonds, beyond the still unresolved political problems, it takes up to 3 years to make them technically feasible
Hard clash between 9 countries (including Italy) and the Nordics, for now covered by Germany - Conte's ultimatum: "Agreement in 10 days or we can do it alone, but no austerity"
The Mediterranean countries ask to cancel the "conditionalities" for access to the State-saving Fund, but the Northern front opposes - Eurogroup also stalled on Coronabonds - The word passes to the Council of Europe, where mediation is possible
After the ECB bazooka, another step forward for Europe against the Coronavirus: stop to the Stability Pact and open negotiations on Mes funds and on the launch of Eurobonds
Stock markets rebound after the ECB's bazooka and Trump's promises of support for the economy - In an interview with FT, Prime Minister Conte asks Europe to do more on the fiscal front and to extend credit lines…
Conte and Macron propose Coronavirus Bonds: Holland closes, but Germany does not - There is also talk of involving the State Rescue Fund (MES), perhaps in coordination with the ECB
Low profitability of European banks for 2019 but the worst is Germany, also in terms of overall stability. Italy, according to the EBA, also appears to have better data than France and Spain. Stagnation and negative rates at…
The premier in Parliament in view of the weekend European council: "Italy has nothing to fear regarding the Mes". Agreement during the night on the majority resolution and green light from Parliament
The danger of introducing rigid automatic parameters on debt restructuring has been averted. But the current political debate shows that we are far from understanding the reasons for our crisis. If we don't think now about reducing the debt, how…
The president of the Eurogroup froze the Italian government: "There is no reason to revise the text, we are working on technical details" - Governor Visco in Parliament: "The reform goes in the right direction".
INTERVIEW WITH MARCELLO MESSORI, director of the Luiss School of European Political Economy - "The Salva-State Fund serves to give peace of mind to countries in difficulty but there are also two very important precautionary funds" - "Restructuring is not at stake…
The Prime Minister replies in the Chamber to the opposition's accusations: "No one has yet signed the EU treaty, much less secretly: it is clearly false news" - As for the Mes, "it is an advantage for everyone" - Coldness between Conte and Di …
Di Maio does not want the Government to sign the reform of the Mes and asks for it to be postponed - Harsh reply from the Democratic Party: thus we risk isolation in Europe and the rejection of the markets - Today Conte illustrates the Government's line…
The Minister of Economy defends the reform of the Mes, which had been endorsed by the previous government, but a fight breaks out in the Chamber with screams, kicks and punches - Very tough clash between Conte and Salvini with the premier warning: "lawsuit...
