Una Eurozona da Draghi?

The “dark illness” of the Euro-zone is that the abundant savings are not mobilized for investment. The question therefore arises of whether the European Central Bank is actually doing everything possible to prevent Europe from falling over the cliff. The article reports the remedies put in place by the ECB first by reducing the interest rate and then via quantitive easing. None of this has been able to cope with the insufficiency of investments which instead would be enough to create opportunities for growth via greater public spending.

Affinità e divergenze con il professor Boeri

The recent reforms to the pension system are inspired by the principle of distributive equity espoused by neoclassical economists. Despite its apparent neutrality, this principle tends to ignore the social relations that produce income distribution and does not take into account the chain of cause and effect of technical progress on which the inter-generational solidarity of the working class is based.

Austerity, supervisione e ristrutturazioni bancarie: il ruolo controverso della BCE

The economic literaure suggests that restrictive fiscal policies can compromise the stability of banking balances, leading to plans of recapitalization, liquidation and foreign acquisitions. If this reading is accepted, a critical reflection can be made on the new double role of the ECB, whose help is conditional on the adoption of austerity policies and it is now also the Single Supervisor of the European banking system.

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