POSTS BY Marco Goldoni

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.

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Italian Constitutional Referendum: Voting for Structural Reform or Constitutional Transformation?

As the distance between political elites and the population in Europe increases, Italian Prime Minister Matteo Renzi’s plans of constitutional reform further impoverish political representation in Italy – both with respect to input and output of the process. That is why the opponents of the reform are gaining ever more traction among Italian voters and could in the end prevail.

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The EP 2014 Elections: Constitutional Change or Window-Dressing?

The constitutional expectations developed around the European elections of May 2014 were effectively quite high. Faced with a mounting crisis affecting their output legitimacy, European institutions had to strengthen their status through a different channel. An agreement was struck among the main European political parties for nominating a candidate to the President of the European Commission to be supported, in case of victory at the polls, before the European Council. This novelty was introduced as a two-fold opportunity: first, as a chance for enhancing the representative quality of EU lawmaking and, second, to move the relationship between Parliament and Commission toward a form of parliamentary government. Did it succeed? In hindsight, it is clear that the elections of 2014 did produce some effects, but not those of significant politicisation initially envisaged.

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