— Analysis

  1. Business and economy

    Falcone's motto "follow the money" still potent tool against Mafia on 25th anniversary of his murder

    by Roberto Galullo

    IT
    24 Exclusive content for IT24

    The investigative legacy of the Federal Bureau of Investigation’s “great friend” Giovanni Falcone -- the anti-Mafia magistrate whose motto was “follow the money”-- continues to live on at the FBI twenty-five years after the massacre in Sicily on May 23 in which Falcone lost his life, along with his wife and his three-man police escort. Falcone’s method is still relevant today, said Kieran ...

  2. Business and economy

    Fear of the future: Italy is poorer and more unequal

    by Alberto Orioli

    IT
    24 Exclusive content for IT24

    The colors and brushstrokes of statistics are no longer capable of accurately portraying Italy: a country that’s stagnant, frozen, unequal, and polarized. It is perhaps due to this reason that ISTAT’s 2017 Report on Italy has fully availed itself of conceptual sociological tools like never before. Italy is stuck due to its inability to get its vital energies flowing, energies that are tied to greedy dynamics from generation to ...

  3. European view

    Italy unfit for the Eurozone?

    by Paul De Grauwe

    IT
    24 Exclusive content for IT24

    Italy’s economic performance since it joined the Eurozone has been dismal. GDP per capita of Italy is now lower than at the start of the Eurozone in 1999. This means that the Italian ...

  4. European view

    What if leaving the euro became inevitable?

    by Emiliano Brancaccio

    IT
    24 Exclusive content for IT24

    Staying in or leaving the euro has been a frequent (and often poorly-discussed) topic in recent years. From the free-flowing opinions of armchair commentators to principled ...

  5. European view

    What if leaving the euro became inevitable?

    by Emiliano Brancaccio

    IT
    24 Exclusive content for IT24

    Staying in or leaving the euro has been a frequent (and often poorly-discussed) topic in recent years. From the free-flowing opinions of armchair commentators to principled ...

  6. European view

    What the euro is doing for you

    by Tarek A. Hassan

    IT
    24 Exclusive content for IT24

    Many of us have fond memories of the time before the euro. I was in a German high school in the late 1990s. I remember spending long days at the local lake and evenings with friends in beer ...

  7. Business and economy

    It is a very bad idea to go for brain surgery when you have a tummy ache

    by Charles Wyplosz

    IT
    24 Exclusive content for IT24

    Italy’s economy has a lot of problems, but the euro is not one of them. Its economic growth has been nil since 2001, just after the euro was adopted, but it is plain wrong to believe that this disastrous result is the consequence of having given the lira up. Like many other countries, Italy can thrive within the Eurozone, provided it solves its problems. Like many other countries, Italy can shrivel outside the Eurozone, as long ...

  8. European view

    Reconsidering the Euro for Italy

    by Martin Feldstein

    IT
    24 Exclusive content for IT24

    Although Italy was an enthusiastic adopter of the euro when the single currency began, the Italian experience of the past decade suggests that was a mistake. Real GDP in Italy is actually ...

  9. Business and economy

    Why we need to improve Europe's architecture

    by Lorenzo Codogno & Giampaolo Galli

    IT
    24 Exclusive content for IT24

    We agree with Franco Debenedetti (in the April 19 article published by Italy24) , that you cannot separate the discussion on the costs and benefits of the euro from that of the costs of a transition, or from a wider debate of a political and prospective nature. As written in the appeal by the 24 Nobel Prize winners, including Joseph Stiglitz, against the political manipulation of French far right populist Marine Le Pen, there is a big difference ...

  10. Business and economy

    Italy needs a tax wedge cut and more investments to emerge from labor productivity quagmire

    by Alberto Orioli

    IT
    24 Exclusive content for IT24

    Optimists read the sharp drop in labor productivity in 2016 (down 1.2%) as the other face of a higher employment rate partly due to the impact of the Jobs Act. The idea is the following: doing the same things with more people. Whatever the case, this doesn’t resolve the big Italian dilemma of a stagnating or falling labor productivity since 2000-2001 and of a flat productivity, alone in Europe, since 1995-96. The ...

  11. Business and economy

    Pisa universities set aside historic rivalry to create a new academic super-hub

    by Marzio Bartoloni

    IT
    24 Exclusive content for IT24

    Pisa is working on a dream to create an academic super hub that will merge two smaller but internationally known universities –Normale and Sant’Anna– to compete with “big” universities that attract the best talents, funds, and students. Starting from the next academic year, students will receive the first joint diplomas. Laboratories and tools will also be shared, encouraging an exchange between professors and ...

  12. Business and economy

    As industrial production growth falters, Italy's gap with European peers widens

    by Luca Orlando

    IT
    24 Exclusive content for IT24

    Italy was not the last one in the ladder in terms of industrial production in February. Cyprus is behind it. But that can be no relief, especially considering the large gap between Italy and the rest of Europe, where industrial output is now above the 2010 levels. Italy's missed recovery is highlighted by the widening gap with its European partners, more dynamic and responsive in regaining the lost ground after even worse economic crises than ...

  13. Business and economy

    The Italian paradox: over-50s are finding work more easily

    by Alberto Orioli

    IT
    24 Exclusive content for IT24

    “Companies, hire people in their 50s, there will be advantages for productivity.” These were the words of Ursula von der Leyen, German Labour Minister until 2013 and now at the Defense Ministry. Germany has often faced structural labor market issues that later emerge in Italy. Today the Italian paradox of people in their 50s, those most often laid off, but also those most employed, revives the words of the German minister. ...

  14. Business and economy

    Italian wine a driving force of Made in Italy as international sales keep posting solid growth

    by Emanuele Scarci

    IT
    24 Exclusive content for IT24

    Italian wines have been a driving force behind ‘Made in Italy' food products. According to a report by Mediobanca, this year 19 of the top 30 wine producers generate more than 50% of their sales abroad. Signs are good all around. An analysis of 140 Italian companies with more than €25 million in turnover shows that revenues increased by 6% in 2016, thanks especially to the international market (+6.6%) and a ...

  15. Business and economy

    Milan Furniture Fair shows that regional clusters can form a system

    by Giovanna Mancini

    IT
    24 Exclusive content for IT24

    It's still too soon for official attendance figures but—even with the transportation strike last Wednesday—the organizers of the Milan Furniture Fair (which will be open in Rho Fiera until Sunday) have a very positive feeling. “I'm astonished by the number of professionals here so far, even those that came on Wednesday in spite of the strike,” commented Claudio Luti, president of the Fair. “I believe that the ...

  16. Business and economy

    Milan, the story of a metamorphosis

    by Paolo Bricco

    IT
    24 Exclusive content for IT24

    The share of companies in Milan and Lombardy that have integrated their product and process innovation doubled between 2013 and 2015, reaching 31.4%, a study by business association Assolombarda to be released today shows. That puts Milan and Lombardy above the 31.1% average of a Europe-wide sample of 692 companies. In recent years, Milan and Lombardy have also increased their technical-productive cosmopolitanism, the study ...

  17. Business and economy

    Eradicating tax evasion would benefit SMEs in particular

    by Paolo Bricco

    IT
    24 Exclusive content for IT24

    Small, not very innovative, and tax evaders. The link between company size, innovative capacity and the quality of fiscal behavior is being put under the quantitative and non-moralistic spotlight of Emmanuele Bobbio, economist at the Bank of Italy, in his occasional paper “Tax evasion, company dynamics and growth.” Bobbio has built a model that shows the current shape of Italy's industrial system and outlines the structure ...

  18. Business and economy

    A cut to Italy's tax wedge would help deal with two structural problems

    by Alberto Orioli

    IT
    24 Exclusive content for IT24

    Even though it's just a snapshot, Istat's overview of the job market in February shows how crucial it is to deal with the tax wedge issue decisively. It would be beneficial on at least two strategic fronts: strengthening youth employment numbers, and relaunching domestic demand. Italy's labor market is made up of a horde of people in their 50s, who have found employment to be “frozen” by the crisis (with indefinite ...

  19. European view

    Italy, the EU and the game of chicken

    by Carlo Bastasin

    IT
    24 Exclusive content for IT24

    A part of the government and the Partito Democratico majority party that supports it is succumbing to the temptation of challenging our European partners and resisting requests from Brussels for ...

  20. Business and economy

    Latest inflation data put to rest debate over possible early tapering by the ECB

    by Alessandro Merli

    IT
    24 Exclusive content for IT24

    The sharp drop in eurozone inflation at 1.5% in March is going to appease, at least for now, the debate about the tapering of monetary stimulus by the European Central bank.At his latest press conference, ECB President Mario Draghi said he expected inflation to remain close to 2% for some months. The rapidity of the decline could have taken the ECB by surprise. The debate about an early reduction of the monetary stimulus which started in ...

  21. Business and economy

    Between the US and Europe a commercial war that has been simmering under the ashes for 30 years

    by Roberto Iotti

    IT
    24 Exclusive content for IT24

    Europe and the United States have been fighting for 30 years over “hormone-treated meat,” alternating between armistices and belligerent declarations. If the doubling in US import tariffs is followed through, it would seriously damage thousands of European and Italian companies. This would apply especially to the farm and food sector, also considering the embargo in force on exports to Russia, which is shouldered in the large part by ...

  22. Business and economy

    Trump tariffs threaten 13% of Italy's US food exports, and some iconic brands like Vespa

    by Laura Cavestri

    IT
    24 Exclusive content for IT24

    From negotiating tables to eliminate trade tariffs between the US and the European Union (the TTIP talks) to erecting walls to obstruct free circulation of goods. The threat of a worsening – up to 100% - of US tariffs on a series of European products (from farm and food goods to motorcycles) – in response to an old quarrel on meat imports – is above all a red light. This is the bad signal of a climate in which at least ...

  23. Business and economy

    March business confidence boosted by Industry 4.0 hopes

    by Luca Orlando

    IT
    24 Exclusive content for IT24

    March was a record month for business confidence, with an absolute level that peaked at 105.1: the highest level since January 2016, continuing the recovery trend that began in January. This improvement has involved market-related services and retail sales, but it has also come in the form of an unexpected boost in the manufacturing sector (constituting 40% of the sample weight); at 107.1, this is the index's fourth ...

  24. Business and economy

    Europe's locomotive is no more, German economy only pulling itself

    by Marco Fortis

    IT
    24 Exclusive content for IT24

    While Trump’s decisions on the economy and immigration, and the legal controversies surrounding Brexit, have drawn widespread attention, the problem underlying a consistently low European growth has moved decidedly to the back burner. Recent data on German GDP in 2016 (+1.9% from 2015) was applauded by analysts with surprising satisfaction and without a hint of criticism. They find it reassuring that the GDP of Europe is ...

  25. Business and economy

    The importance of well-being indicators alongside simple GDP figures

    by Fabrizio Galimberti

    IT
    24 Exclusive content for IT24

    During a conference on the future of Europe organized by the Italian Alliance for Sustainable Development (ASVIS), Economy Minister Pier Carlo Padoan did not spare criticism for current EU policies. If Europe, “which has often been at the forefront of equality and inclusion” does not “make a symbol of inclusive growth,” “it will always be seen as the problem instead of the solution,” Padoan said. The ...

  26. Business and economy

    Milan prosecutors looking at "dark spots" in Vivendi's Mediaset stake building

    by Fabio Pavesi

    IT
    24 Exclusive content for IT24

    Was it really a lightning attempt to gain control, a fast blitz that in just three sessions, between December 12-14, allowed French media group Vivendi to go from 3% to 20% of Italian broadcaster Mediaset’s share capital? Or was it a move prepared over the long term, months before, with the help of huge investments in derivatives capable of depressing the shares, and the support of foreign brokers? The latter is what ...

  27. Business and economy

    Exports skyrocketed in January, reassuring for the outlook of Italian economy

    by Luca Orlando

    IT
    24 Exclusive content for IT24

    Things have gone well for almost all of Europe; raving about Italy’s January exports would be a tad over the top. But the more-than-13-point surge in exports of ‘Made in Italy’ products (better than Germany and France’s performance) has at least partially reassured the outlook for the entire Italian economy. With domestic demand still at weak levels, reduced growth in consumption, and investments that have yet ...