Stefano Micossi is Director-General of Assonime, a business association and private think tank in Rome, Chairman of the board of CIR Group, and a member of the board of the Centre for European Policy Studies in Brussels.
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Stefano Micossi
Commentaries by Stefano Micossi
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Growing Up in the Eurozone
MILAN – A rapid and large increase of government debt has been a general phenomenon in the advanced countries since the 2007-09 crisis: for …
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Illiquid Europe
ROME – Crisis management in the eurozone has clearly failed to restore confidence. Indeed, following each of the six rounds of emergency mea…
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Better than Basel
ROME – The Basel Accords – meant to protect depositors and the public in general from bad banking practices – exacerbated the downward econo…
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The False Promise of Crisis-Resolution Funds
ROME – Ever since financial markets began to stabilize late last year, the idea of making the financial sector pay for the costs incurred by…
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How to Make EU Integration Popular
Across the European Union, fears about globalization and antipathy to integration and immigration have produced massive political fallout, i…
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What Corporate Tax for Europe?
The European Commission is considering a common model of corporate taxation for the European Union that cannot possibly work. Instead, it sh…
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Putting Europe into the EU Budget
Most independent observers agree that the European Union’s budget no longer reflects its main tasks and policy goals. Aid to agriculture, a …
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Dump the Lisbon Agenda
As soon as he takes office as President of the European Commission, Durao Barroso - Portugal's former Prime Minister - should devote urgent …
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Is the Market Doomed in Giscard's New Europe?
The endgame to determine the European Union's final shape is underway. It began with the publication by the Praesidium of the Convention…
Better than Basel
Ludwig van den Hauwe: One can always say, in retrospect, that a bank that runs through its usable capital cushion was overleveraged, but one of the mysteries with respect to the financial crisis is that the banks, even whe…
Growing Up in the Eurozone
Gary Marshall: Hello Mr. Micossi, The problem is not debt. The problem is the high government participation in the European economies. Europe is stagnant. It has been so for a very long time. Government is runni…