This is an English translation of a petition put together by a group of Italian economists which is seeking and has gained significant support from economists both inside and outside of Italy.  It is due to appear tomorrow in the Italian Press. Additional signatures are welcome. Please see details about where to send them below. [...]

The initial enthusiasm of the financial markets over the last European summit was short lived as the new “kick down the can, grand plan” to solve the crisis was agreed upon.
To bolster the market, the remnants of the famous EFSF 440 billions Euros - which, never forget, was also provided by the periphery countries it [...]

How to judge the nth European agreement ”to save Greece” stipulated on Thursday 21st July? The financial markets have already provided their verdict: on Friday 22 the spread between the Italian ten-years Treasury Bonds and the German Bunds was still 258 basic points (2,58%), a level unsustainable for the Italian public finances. The next week begun [...]

In a recent contribution to the understanding of the origin of the European Monetary Union (EMU) crisis, Paul Krugman (2011) argues that this has been due to the choice made by the European politicians of putting the reasons of politics that called for a closer union, presumably after the German reunification, before those of economics. [...]