New Atlanticist
May 30, 2018
Italy is Too Big to Fail
By
Bart Oosterveld and Andrea Montanino
While the fundamentals of the Italian economy remain sound, the political uncertainty gripping the country has spooked markets. Tools created during the European debt crisis in 2009—such as the European Stability Mechanism (ESM)—are insufficient to support funding needs of the Italian sovereign and corporate sector for a sustained period of time. Interventions such as the […]