Tuesday, November 22, 2011

Published thoughts on Italy

Piece for Foreign Affairs: How Italy's Democracy Leads to Financial Crisis.

Blurb: Monti’s appointment fits an established Italian pattern: fiscal laxity under populist center-right governments followed by brief emergency periods of technocratic austerity under the center-left and EU. To make fiscal responsibility stick this time, Brussels should back Monti as he builds up a popular mandate for gradual reform.