- 17 gennaio 2023
The dollar is too strong: global financial stability at risk
These are difficult weeks for the international financial system. The steady hike in interest rates by 90% of central banks - and especially the speed of the rises - are starting to have visible negative effects on the financial stability of banks, businesses and governments. The driving force
- 03 marzo 2020
Arco Madrid: il contagio non spaventa e trionfa l’arte ai tempi del Metoo
Pochi i collezionisti italiani e leggera contrazione di visitatori. Motore degli acquisti i ricchi collezionisti sudamericani
- 17 settembre 2019
From the French Alps to the summit of K2
When, sent by Charles VIII of France, Antoine de Ville became the first man to reach the top of the “Mont Inaccessible” in June 1492, Christopher Columbus was still planning the voyage that would see him set foot in the New World. The French king was certainly not au fait with the term yogaruda, he
- 21 marzo 2018
Acqua, caccia al nuovo «oro» fra disastri, progetti e buone idee
Tre fra le tante storie scritte sull’acqua. La prima storia di questo articolo è la tomba mai scoperta di Hulagu Khan nel lago di Urmia in Iran fra Tabriz e la città di Urmia. Seconda storia, il lago Ciad che separa l’Africa Bianca dei grandi deserti dall’Africa Nera delle grandi savane. Terza
- 10 novembre 2015
Observatory on Italy
If ‘Sole’ is 150 years old, then I am 30. In fact, I am much older than that: what I mean is that I have been writing for ‘Il Sole 24 Ore’ for 30 years.
- 06 novembre 2015
The Renewed Boost and the Doubts to Dispel
Italy may not be Ireland (a leader in Europe, with GDP up 6.0 percent in 2016, up 4.5 percent in 2016), but it is making progress, leaving the recession behind. Italy confirmed its eighth place among the manufacturing powers of the world thanks to, as a primary source of wealth and growth, an
- 13 ottobre 2015
Deaton and His “Measurement of Things”
There are those who look at forests and those who look at trees. Angus Deaton, the recipient of this year’s Nobel Memorial Prize in Economic Sciences resolutely looks at trees. And by looking at trees—in other words the economic decisions of individuals—it turns out he can better understand the
- 21 agosto 2015
The Fed’s Inertia and the Currency War
No surprise: even the reports from the Federal Reserve confirmed that we will still have a dollar without rules, which will cause instability on the financial and exchange markets. Yet, central bankers are not interested in exchange volatility—at least until it becomes a political problem.
- 29 luglio 2015
Surrender Control to Ensure Growth
There’s the company, and then there’s the family businesses. But the right of companies to evolve takes precedence over the “right of ownership” for those who control them. That’s the first rule of the Pesenti family. The second rule is that internationalization is a strategic priority through
- 25 luglio 2015
The Shift Produced by the Iran Agreement
The involvement of Turkey—probably triggered by the Vienna agreement on Iran’s nuclear power—represents a turning point in the already one-year long war against ISIS. From Ankara’s point of view, the entente between the United States and Iran must have looked like a serious geopolitical defeat:
- 20 maggio 2015
Knowing the Numbers
The fact that a country spends between 15 and 16 percent of its GDP for pensions is undoubtedly a problem. And it is also true that the 1996 Dini reform—the true turning point for the welfare system—was born with a birth defect.
- 23 aprile 2015
The Stability Needed for a Major Change
As banking foundations and the Ministry of the Economy sign off on a definitive new set of regulations, the first stage in the life cycle of these institutions comes to a close—institutions that for the past 20 years have been major actors in the economic life of the nation, but also the object of
- 07 aprile 2015
A Necessary Step Behind
The spending review and the reform of the public administration (PA) are at the center of the political agenda, but at least in the field of subcontracts, so far some issues have been ignored: which PA functions are necessary and which ones, instead, should be left to a transparent and
- 21 gennaio 2015
The War with Radical Islam
French Prime Minister Manuel Valls was not speaking metaphorically when he said that France is at war with radical Islam. There is, indeed, a full-fledged war
- 16 gennaio 2015
Turkey’s Decisive Role
What convinced Jabhat Al Nusra—recognized by Al Qaeda leader, Ayman Al Zawahiri as the Syrian branch of the movement—to free Vanessa Marzullo and Greta Ramelli?
- 07 gennaio 2015
Do Economic Sanctions Work?
CAMBRIDGE – With Western economic sanctions against Russia, Iran, and Cuba in the news, it is a good time to take stock of the debate on just how well such
- 03 gennaio 2015
We Cannot Be the 1 Percent (Maybe) Economy
Does Europe really intend to resign itself to being the 1 percent economy in the global market? The risk is present, and it is quite concrete. It is not necessary to push oneself to take the dull predictions of former Secretary of the Treasury Larry Summers as good when he announces a “secular
- 28 ottobre 2014
Recession Lays Bare Old Europe
The European rules dictate that, following a revised calculation of gross domestic product, the United Kingdom must pay 2.1 billion euros by next month to
- 17 ottobre 2014
The Spider of Finance
LONDON – The global system of financial regulation is extraordinarily complex. Partly for that reason, it is little understood. In order to explain it to my