The Mario-Monti-Probability-Calculator

About a month ago I discussed in Economonitor the likelihood that the “Monti Agenda” of budgetary discipline (so far large tax increases and promises of spending cuts ) and growth oriented liberalizations (yet to be implemented) would still be at the core of agenda of the next Italian government, after the 2013 elections. In Italy, […]

A Hard Rain’s A-Gonna Fall?

(from,  versione in italiano qui) The Berlusconi‘s debacle in the recent municipal elections in Milan, Naples, Turin and Bologna has been a veritable political earthquake that will destabilize the system of alliances that has governed Italy almost continuously from 1994.  Simply put, there are two camps within the government:  the party of rigor-despite-the crisis epitomized […]