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.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
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.
Learn more about CFR’s mission and its work over the past year in the 2014 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 »