Twenty years of the euro: triumphs, problems, prospects
The euro is celebrating its first twenty years as a success but also in the awareness that much remains to be done. The overwhelming majority of European citizens consider the single currency a part of their identity and view it favorably; surely, the introduction of the euro simplified economic and commercial activities. Yet, not to be underestimated is the problem it created, particularly for a country like Italy, by eliminating the possibility of using exchange rates as a competitive devaluation tool.
How global power is shifting: stakes and priorities for Italy
The international system is at a highly uncertain stage of transition, both in terms of the economy and of politics and security. Following the acceleration in growth and trade (in part, certainly positive) owing to the globalization mainly of the 1990s, a series of tensions have become manifest in the form of regional crises and global instability. Profound technological changes – those macroscopic in the financial sector, but not only – have had a direct effect on the social structure of individual states and on balances of power.