Franco Pavoncello interviewed by Christopher Alessi
Eurozone leaders meeting for tomorrow's summit are unnecessarily worried about contagion to Italy, but a growing sovereign debt crisis highlights the role of politics in the markets and the need to find common, EU-wide solutions, says expert Franco Pavoncello.
Martin Wolf writes in the Financial Times that with respect to debt crises in the United States and Europe, approaches such as allowing default, refusing to raise taxes, and promoting currency integration ignore the basic realities of debt economics.
Speaker: Tommaso Padoa-Schioppa Presider: Jacob A. Frenkel
Listen to Tommaso Padoa-Schioppa, Italian minister of economy and finance, discuss the European Central Bank, global imbalances, and the regulation of financial markets as part of the Council's C. Peter McColough Series on International Economics.
Italians will head to the polls for parliamentary elections on April 9 and 10 to determine whether Italy's Prime Minister Silvio Berlusconi or challenger Romano Prodi and his center-left coalition will win the tight race.
With Italy preparing to assume the presidency of the European Union in July, Italian Foreign Minister Federica Mogherini joins Lally Weymouth of the Washington Post to discuss current Italian diplomatic efforts.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »