What are the likely economic consequences Qaddafi’s death (provided the political transition is not too bumpy)? We should see an increase of international aid flows to Libya. Already in September, the IMF had promised technical assistance and funding to the Committee of Liberation. The United Nations, which had already released 1.5 billion dollars of Libyan assets held […]
economic consequences
A Hard Rain’s A-Gonna Fall?
(from roubini.com, versione in italiano qui) The Berlusconi‘s debacle in the recent municipal elections in Milan, Naples, Turin and Bologna has been a veritable political earthquake that will destabilize the system of alliances that has governed Italy almost continuously from 1994. Simply put, there are two camps within the government: the party of rigor-despite-the crisis epitomized […]