I due debiti gemelli dell’Eurozona

After the 2008 financial crisis, being a member of the Monetary Union was a guarantee in the case of current account imbalances or the repayment of debt. However, the crisis has brought the principle of national responsibility up again: the Monetary union becomes national just when there is more need for “federal” policies. The outcome of this mess is a mixture of policies, fiscal retrenchment and internal real devaluation, as potentially damaging on internal demand and the ability to repay the debt, as incapable of coping with the real problem of the Monetary Union as we know it: the external trade deficit and volatile capital flows.

Alle comunità locali la scelta sulla gestione dei servizi pubblici

The judgment nr. 199/2012 of the Italian Constitutional Court wiped out the legislation on local public services that Berlusconi government approved after the referendum of 12 and 13 June 2011 on the water services sector. So the power to decide on the administration of integrated water services returns to local authorities who can choose between self-production and outsourcing.

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