The Sovereign Debt Iceberg

The irrational covid-19-induced destruction of our economy has exacerbated the north-south divisions in Europe and sparked debates on issues such as austerity, recovery funds, financial stability and, of course, national debts. But when speaking of national debts, economists consistently ignore, or forget, the issue of implicit debt and focus exclusively on explicit debt. We propose…

Italy – Pride and Prejudice

  In the current economic situation, of falling stock markets, plummeting oil prices and sustained turbulence, the global investor must know which regions/countries offer better long-term sustainable investment opportunities. In addition to having one of highest resilience ratings in the Euro Area (Italy – 73.1%, versus 70.5% of Germany for example), Italy is the 3rd…