In Italy, the monetary union is often taken as a scapegoat for all the ills of the last twenty years. To verify the factuality of this criticism we must weigh the disadvantages of the single currency with the advantages. Furthermore, a critical effort to verify the counterfactual (i.e. what would have happened if we had not adopted the euro) is paramount.
The disadvantages reiterated by the discontented is in having lost the monetary sovereignty and in the unfavourable exchange rate. Let’s start with the first topic. What was once the role of the Bank of Italy has now passed to the European Central Bank (ECB). The advantage of being able to print money lies in the possibility of using expansive monetary policies and devaluation. With the former, the central bank aims to lower interest rates, favouring consumption and investment. While with devaluation export is favoured and the cost of labour is lowered. Continue reading “Monetary Union, the Italian case”
Antonio Tajani descends from the highest seat in the European Parliament. He shakes hands with compatriot David Sassoli, who takes his place. They smile. This snapshot closes the waltz of the leadership positions of the European Union of these days, or of those who more than others will influence the choices of the Union, and therefore our lives, from here for the next five years. Following the elections of the new European Parliament on May 26th, the face of the Union and its representatives have changed. The change, however, did not take on the dimensions that during the electoral campaign they feared. During the first months of 2019, in fact, an apocalypse was expected, a revolution in terms of numbers and values within the decision-making spheres of Brussels . The fact is that this epochal change has not been realised; there have been some adjustments in the control room, and some fluctuations in public opinion, but the European Union maintains its values and its different souls that characterise it.
If some balances have changed, others have remained firm. But which balances do we talk about?
Continue reading “A (dis)continuity in the European Governance”
With the European elections taking place this week, and the ideas of Euroscepticism looming amongst EU member countries in the polls, there exists a definite requirement in analysing the true benefits the European Union provides its citizens. Given that there a numerous advantages in being an EU citizen, this article shall specifically analyse the Erasmus+ exchange scheme the Union provides, in order to obtain a more profound understanding of the resources which are available at our disposal through being a member of this Union.
Continue reading “A benefit of EU : Erasmus+”
The European Union is the largest peace project in history. As such it must be understood, defended, strengthened and undoubtedly improved. Talking to someone who has lived through the war is all it takes to understand that peace cannot be taken for granted, not even in the twenty-first century. History teaches us that we Europeans have been one of the most stubborn and abusive people on the face of the earth. Probably, considering a war in Europe today as unlikely to result almost ridiculous, is already the greatest victory of the European Union.
Continue reading “A dream of unity”
It is really difficult to explain the advantages of being within the European Union (EU) and the monetary union to those who have seen their wages remain the same in the last twenty years, when services and the cost of living have generally increased. Nevertheless, I believe it is important to try to do it because the European Union is our only hope, and we should keep this in mind. Below you will find a list, inevitably incomplete, of the advantages that Italy gets from being in Europe. Some of the benefits of being inside the European Union (like the 70 years of peace, or Erasmus) are very well known, so these articles we tried to focus only on those known the least.
Giovanni Sgaravatti, Michele Corio
- The least known advantages for Italy of being in the EU
- A dream of unity
- Monetary union, the Italian case.