Family Business

It seems to me quite revealing that the traditional “family reunion” at Berlusconi’s on Monday, usually dedicated to the family as well to the health status of the family business, saw the participation, in addition to Marina and Piersilvio Berlusconi, of the chairman of Mediaset, Mr Confalonieri, of Mr Ermolli, a financial consultant, and of Mr Ghidini, […]

Credibility is not everything

(From VoxEu) Many observers of the European debt crisis have embraced the idea that ​the dangers, in particular the risk of default of Italy, lies in the possibility of “multiple equilibria”. According to this view (1) when economic fundamentals, such as the debt GDP ratio and the primary balance, are neither  “sufficiently good” as to […]