Too Big to Fail? Too Big to Bail? Italy, Europe, and the Euro

Too Big to Fail? Too Big to Bail? Italy, Europe, and the Euro

06 November 2012 10:00AM

Many analysts fear that the Euro area’s sovereign debt crisis will disrupt both the real economy and financial markets worldwide. Among the Euro zone countries engulfed in the crisis, markets and policymakers have increasingly focused on Italy, for reasons that are not hard to understand: it is the area’s third-largest economy and is saddled with the world’s third largest outstanding public debt (after the United States and Japan).

Perhaps less known are Italy’s long-term weaknesses and strengths as well as the reasons why it has become engulfed in the crisis in the first place. This lack of knowledge has led observers and policymakers to misrepresent the problems affecting the Italian economy and to focus excessively on short-term indicators. Taking recent research on 150 years of Italy’s economic growth as a starting point, the panel will discuss current and future scenarios for Italy, Europe and the Euro. 

Event details are below: 

Monday, Nov. 12, 3:00pm - 5:30pm, Social Sciences 139

 

Chair:  Peter Lange (Provost, Duke University)

 

Panel: Ronald Leven (Morgan Stanley)

            Marco Magnani (Banca d'Italia)

            Gianni Toniolo (Duke)

            Giovanni Zanalda (Duke)

            Luigi Zingales (University of Chicago)

 

Download the PDF flyer for this event.