15 Mai 2020
At the End of the Law
The recent judgment of the Federal Constitutional Court needs to be regarded from the perspective of political economy as it highlights that the status quo of the Eurozone is untenable. The merits of the Weiss judgment could be to open up a debate about the requirements of a genuine European Economic and Monetary Union in Germany and elsewhere in Europe. Continue reading >>
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04 April 2020
The European Stability Mechanism is a False Solution to a Real European Problem
The conflict opposing the Northern (and Eastern) to the Southern Member States has reemerged with special animosity in the last weeks. European governments have developed deep disagreements over how to distribute the costs not only of fighting the coronavirus epidemics, but also of the socio-economic reconstruction that would be required once the public health emergence has been overcome, and which will require mobilising resources on a scale unknown since the Second World War. Continue reading >>
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21 Juni 2019
Mini-BOTs, complementary currencies and the European monetary malaise
On May 28th, the Italian Chamber of Deputies approved a resolution requiring the government to issue the so-called mini-BOTs. Under such a name, reference is made to Treasury bills issued in small denominations (in Euros), bearing no interest, with no expiry date, and which the Italian Exchequer would accept as a means of payment of taxes. The proposal has been predictably met with marked skepticism by European institutions and by the Italian Minister of Economy and Finance. However, the wisest move, in prudential, political and economic terms, would be that European institutions would embrace experimentation with complementary currencies, in genuine federal spirit. Continue reading >>
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12 Dezember 2018
The Strange Case of the Publicity of the Brexit Legal Advice
One of the most remarkable episodes of the most remarkable Brexit saga is the strange case of the publicity of the Brexit legal advice. The actions of Theresa May’s government seem to aim at reducing both popular and democratic sovereignty to an empty shell before the incumbent Prime Minister and her cabinet are kicked out of power. However, the case of the publicity of legal advice is indeed strange not only on account of what has transpired on the British isles, but also of what has not happened on the continent. Continue reading >>
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31 Mai 2018