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Curated by Project Syndicate

Italian Ice

18 commentaries

Italy’s national elections have failed to produce a clear winner, roiling financial markets and delivering a strong rebuke to the country's political elite and EU-imposed austerity measures. With populists gaining ground, and Silvio Berlusconi back from the political dead, is the eurozone becoming ungovernable?

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  1. reinhart39_ Sha HantingChina News ServiceVisual China Group via Getty Images_jerome powell Sha Hanting/China News Service/Visual China Group via Getty Images

    Jerome Powell’s Dilemma

    Carmen M. Reinhart & Vincent Reinhart

    There is a reason that the US Federal Reserve chair often has a haunted look. Probably to his deep and never-to-be-expressed frustration, the Fed is setting monetary policy in a way that increases the likelihood that President Donald Trump will be reelected next year.

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