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Article: Europe's Italy problem: and, as a result, are monetary union and the euro in serious trouble?
- Article from:
- The International Economy
- Article date:
- March 22, 2005
- Author:
CopyrightCOPYRIGHT 2005 International Economy Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In April 2000, Foreign Affairs published an article by the then-recently deceased Federico Mancini, Italian judge on the so-called European Court of Justice. Mancini applauded the 1990 decision of Mitterrand and Kohl to ordain "the immolation of the deutsche mark on the altar of a common European currency." Mancini gloated that while the Germans thought the Maastricht bar for entering the euro--in particular the budgetary criteria--had been set high enough to exclude Italy, "The effort made by Italy was not just extraordinary; it was superhuman ... The Italians won their bet and stunned Europe." Mancini was clearly just as credulous about Italy's budgetary "achievements" ...
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Article: A STRUCTURAL ANALYSIS OF ITALY'S FISCAL POLICIES AFTER ...
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