Policy Papers

A joint intervention for Italy: a non-punitive plan for investment and reform

Europe

Italy has economically underperformed most of its Euro-area peers for the last few years. Austerity-based policy measures adopted since the Global Financial Crisis of 2008-2009 have not helped, but the country’s underperformance is rooted in historical inefficiencies. Carlo Bastasin and Marcello Messori suggest the Italian government should present a contractual agreement to European institutions, an agreement aimed at reforming the country. This process of economic and administrative reform would need to be subject to rigorous monitoring by European institutions.


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