The symbol of the new Italy, Prime Minister Mario Monti, is to meet with President Barack Obama. However, just like in 1992-1993, the window of opportunity in which he is operating will probably soon close if parties let domestic and self-interest considerations take over on a national imperative for permanent change. Read More
One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not. Read More