A Pessimistic Note on the Euro

On February 7, I gave a talk a the Conference “America: Still A European Power?” in Bologna jontly organized by Johns Hopkins University-SAIS and Bologna University. (a more elaborate version of this post was later posted on voxeu e linkiesta ) The title of my presentation was “Why and How the US and the EU […]

What Draghi Wouldn’t Say

What he said On Thursday 15 Mario Draghi gave an interesting speech in Milan, at  Bocconi University’s ceremony for the new academic year. Interesting both for what he said and for what he wouldn’t say. The narrative of the crisis was more or less as follows. In the past years markets underestimated the consequences of […]