In the midst of the European Debt Crisis, it is tempting to think that high-debt countries could alleviate the recessionary impact of the budget consolidation process by selling (poorly managed) assets and stakes in their state owned enterprises (SOEs), and by using the proceeds to buy back their debts. In addition to providing a cushion […]
euro crisis
Italy’s challenges in the midst of the euro-crisis
The slides of the presentations made at the Italian Treasuty’s 8/5 seminar on Italy’s challenges in the midst of the euro-crisis , including mine, can be found here The text of my presentation is here