February 2, 2012

Can Italy Change?

Tim Parks, New York Review of Books

AP Photo

What would it mean for a country to change, profoundly? What real news would we get of that and how would it feel to its citizens? Would it necessarily be a good thing? A few months ago, when the Greek crisis made it clear that being a member of the Eurozone did not mean having access to unlimited credit on equal terms with countries like Germany and France, Italy was suddenly in trouble. Snoozing for years in a debt-funded decadence, all at once the country found lenders demanding unsustainable interest rates, as if this were some shaky third-world economy trying borrow in a foreign currency. Very soon something would have to give. The consequent change of government and drastic budgetary measures have been described well enough in any number of newspapers. What interests me more than...

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February 1, 2012
Europe Is Stuck on Life Support
Martin Wolf, Financial Times
Germany, as creditor country, opposes a "transfer union" and insists that fiscal discipline is everything. It is right on the first point and wrong on the second. more ››
February 1, 2012
The 'Russification' of Italy
Stefano Casertano, The European
The resignation of Silvio may be compared to the collapse of the Berlin Wall: for Russia, that historical event marked the beginning of a decade of violence, poverty and geopolitical vanity. The fall of the “Bunga... more ››
January 30, 2012
Europe's Diverging Basket Cases
Pierpaolo Barbieri, The New Republic
Though the continent's collected prime ministers will no doubt again pledge to do all that's within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent's fate ultimately... more ››
January 27, 2012
Can France Show Europe How to Move Left?
Mary Dejevsky, Independent
If left-of-centre governments were in power not just in France, but in Germany and Italy as well - in other words, in all three of the eurozone's largest economies - the effects could be far-reaching. more ››