There is a widespread impression that the rejection by the Commission of the initial budget proposed by the Italian government in October contributed to the renewed increase in the risk spread on Italian government bonds. However, there is no real reason for such a link.
The current Pensions Act has the merit of putting a band-aid on social security expenditure. The system, however – as a result of the demographic revolution that has taken place since the 1970s – remains in itself unbalanced and disadvantageous for young people. The “youthquake” has moved away in Italy. An essay by professor Martone
An extract from the book “Governare la giustizia. Formazione, monitoraggio, informazione” (“Governing Justice. Training, Monitoring, Informing”) by Daniela Piana, out on LUISS University Press