The Next EU Degeneration

 

Pubblicato da Brave New Europe, a breve la versione italiana.

Sergio Cesaratto – The Next EU Degeneration

February 2, 2021 Austerity, Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Neo-Liberalism in the EU, Regulation, Solutions

The Next Generation EU programme is full of pitfalls for many EU nations, as here in Italy.

Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union, University of Siena. His newest book, “Heterodox Challenges in Economics – Theoretical Issues and the Crisis of the Eurozone” was recently published by Springer

The original, longer version in Italian was posted by economica e politica

The European Next Generation EU (NGEU) recovery plan to deal with the economic crisis resulting from the pandemic is the uninvited, imposing guest causing the present Italian government crisis, as an excuse for quarrelling or as an object of political diversion. I shall make some observations on the resigning government’s Recovery and Resilience Plan (Piano di Ripresa e Resilienza dell’Italia, PNRR), sure that any future government will not change much of its substance.

Tsipras’s tie - La cravatta di Tsipras in inglese-

 New Brave Europe ha tradotto e pubblicato il pezzo sulla Grecia già uscito su Micromega online. Grazie all'amico Methew Rose.

Sergio Cesaratto – Tsipras’s tie. What moral can we draw from the Greek crisis?

July 15, 2018

Klaus Regling, the head of the eurozone’s bailout fund and a German, concerning the most recent EU “debt relief” for Grecce: “It is the biggest act of solidarity that the world has ever seen” (Reglings motto seems to be: Von Trump lernen heißt siegen lernen). Sergio Cesaratto sees this differently.

Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union, University of Siena

Cross-posted from Politica & Economia Blog
Translated and edited by BRAVE NEW EUROPE


But what a shameful little story that I have to tell…

“Athens breathes” was the title of the Italian newspaper “il manifesto” of 23 June, the agitprop of Tsipras in Italy. Greece “is beginning to regain control of its own destiny”, writes Roberto Musacchio (a former radical-left MEP)  who proclaims that “we need a battle for the liberation of Europe”, in line with Alfonso Gianni (a former radical-left MP), again in “il manifesto”, according to whom “the debt issue is not just a Greek or an Italian one, but concerns the balance and the future of Europe and must be tackled at that level”. In short, Greece has made it, finally we are changing Europe. Unfortunately, this is not the case and such announcements seem to be news similar to Saddam´s journalists who proclaimed victory while American tanks rolled into Baghdad.