Wealth creation, energy demand and CO2 emissions continued even through 2018, building on the trend of the previous year. With every day that passes, the problem of reducing emissions becomes more urgent and its complexity more evident. A complexity that began to emerge at the very beginning of annual emission measurement but that does not offer a holistic rendering of the phenomenon.
Brexit and all the uncertainty it is generating constitute an entirely new and potentially destabilizing element for financial markets.
London has long functioned as Europe’s main financial market despite being located outside the Eurozone. The United Kingdom’s exit from the European Union now places Europe at a crossroads: either reach an agreement making it possible to maintain a good portion of operations in London or begin the long and painstaking task of creating a continental marketplace.
Italy has great potential to attract investments but many factors still hinder the influx of foreign capital. Data on the presence of multinationals offer a mottled picture. As regards the manufacturing sector, the more important of the second ranked European industrial power, nearly 20% of employees answer to foreign multinationals, a percentage that rises to 25% in the field of mechanical engineering, the pride of the “made in Italy” brand.
Concomitant with the adoption of more stringent European copyright rules, any discussion of innovation and competition in the information sector necessarily involves examination of the current digital revolution. The instruments of governance inherited from the traditional sectors of publishing and telecommunications no longer suffice to deal either with the changes under way or the high concentration of market shares and financial resources in the hands of so few: large scale platforms and major American and Asian digital operators (in terms both of hardware and software).
Europe is finally being put to the vote. Of course, the parties of individual nations will continue to count, and national issues will hold a certain importance for citizens called to the polls. But in the end what will be at stake is a new idea of Europe, because this time, and as never before, the European construction is going to be judged politically.
