Codogno, Lorenzo, Monti, Mara, (2016), “Watch Italy’s referendum for potential banking problems”, LSE EUROPP blog, 22 Νοεμβρίου
Italy’s constitutional referendum is fast approaching and financial markets are already jittery. Lorenzo Codogno and Mara Monti write that while some observers have pointed to the risk of the Five Star Movement getting into power, or even Italy leaving the euro, these are unlikely developments, at least in the short term. The real issue is not about political instability, but about financial stability: the combination of still modest economic expansion, vulnerability in the public finances and, more importantly, ongoing problems in the banking sector may ultimately lead to a dangerous mix.
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- Reichlin, Lucrezia, Vallée, Shahin, (2016), “Resolving Europe’s Banking Crisis in Italy”, Project Syndicate, 14 Οκτωβρίου
- Borri, Nicola, Reichlin, Pietro, (2016), “Completing the Eurozone banking union: What must be done”, Voxeu, 4 Μαΐου