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Gender-mainstreaming in Italy: When assets are considered liabilities

Gender-mainstreaming in Italy: When assets are considered liabilities
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The pervasiveness of the male-breadwinner model has long characterized the Italian welfare system. It reflects an ideal of the family in which men earn a wage and provide, while women do domestic labor and care for family members. The Italian labor market has always presented an uncomfortably wide gender gap. Women were incentivized to free […]

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Governments don’t propose, markets dispose

Governments don’t propose, markets dispose
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The crisis ended the myth. Financial markets need to be re-regulated, taking on their same global perspective. But are we really moving in that direction? “The economic phenomena that are driving angry voters to populists are not simply the inevitable results of dark forces of globalisation but owe at least as much to choices by national […]

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Waltraud Schelkle: “Eurozone must build risk-sharing mechanisms”

Waltraud Schelkle: "Eurozone must build risk-sharing mechanisms"
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WS: I find it impossible to make such a statement. There are so many scenarios, that there is no basis on which one can compute the cost of keeping the Euro area together and compare it to the cost of breaking it up. Besides, there is an interest in keeping the present system: even when […]

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Ain’t no Atlas strong enough to support the Italian banking system on its shoulders

Ain’t no Atlas strong enough to support the Italian banking system on its shoulders
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Atlante, the fund the Italian government set up to channel private sector money into rescuing banks, has started the engine. Its initial capital is enough to tide over Monte Paschi di Siena (MPS), Italy’s third-largest lender and the worst performer at July’s stress tests. The objective is to reach 3bn euros of capital by July […]

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Stagnation – temporary or a new normal?

Stagnation - temporary or a new normal?
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Most recently, the Brexit vote shed doubt over political and financial stability in the UK and the EU, sparking a jolt in volatility and leading to a downward revision of growth forecasts. While Brexit should not be underestimated, I agree with Oxford Economics’ argument that the size of the initial global market sell-off cannot be […]

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Time to say goodbye to the SGP?

Time to say goodbye to the SGP?
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On May 18, the European Commission spared Spain and Portugal from sanctions over their excessive deficit. Italy, Belgium and Finland were also graced, despite their debt not being in line with parameters and not even on a decreasing trend. France met a similar destiny last year. Once again, the Stability and Growth Pact (SGP) was […]

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