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.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.