The European Union as recently seen by two Italian economists

This is a review of the books on the European Union by two well-known Italian economists, Luigi Zingales and Giacomo Vaciago. It turns out there is a broad area of agreement and complementarity between them. Their treatments are summarized under the following ten headings: 1) The political genesis...

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Detalles Bibliográficos
Autor principal: Giacomo Costa
Formato: article
Lenguaje:EN
FR
IT
Publicado: Rosenberg & Sellier 2015
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Acceso en línea:https://doaj.org/article/48a871c29200467198512468f0c7703c
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Sumario:This is a review of the books on the European Union by two well-known Italian economists, Luigi Zingales and Giacomo Vaciago. It turns out there is a broad area of agreement and complementarity between them. Their treatments are summarized under the following ten headings: 1) The political genesis of the European Union; 2) the surprisingly narrow range of activities included in the present economic and monetary union; 3) the dubious validity of the “theory of forward reactions”, that should guarantee the forward direction of the unification process; 4) The unsure presuppositions of the Maastricht Treaty, and the reasons why it arose the skepticism of most American economists; 5) the Italian crisis and the European paralysis; 6) Italy stands to Europe as Southern Italy to Italy; 7) Italexit? 8) What brakes the progress of the unification process? 9) What corrections to existing institutions? 10) Is there still a role for a European Federation?