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Ferrari, Luciano
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3 articles of this author have been cited in the European Press Review so far.
Monti's austerity plans under attack
In protest at the rising cost of diesel, motorway tolls and social security contributions, lorry drivers in Italy paralysed transport across large sections of the country on Tuesday. The liberal daily Tages-Anzeiger sees this and other planned strikes as a first major attack against Mario Monti's government: "But worse still is that this strike has laid bare the political isolation of technocrat Monti. His main weakness is his lack of political backing from society. The transport company lobby is not the only one to have realised this; other interest groups like the mafia and the populists of the Northern League or Italia dei Valori will challenge Monti with increasing frequency in future. If the major parties also start backing off, the miracle of the Monti government will soon be over. Monti urgently needs an economic success. This is also crucial if the monetary union is to be saved. Therefore the pressure on other EU countries, namely Germany, to honour Monti's reform drive and ease the austerity requirements is mounting."
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More from the press review on the subject » Fiscal Policy, » Italy
Italy secures share of libyan oil and gas
Italian Prime Minister Silvio Berlusconi on Thursday promised the leader of Libya's Transition Council Mahmud Jibril 350 million euros. The resumption of oil and gas exploitation by an Italian firm was also discussed at the meeting. This highlights the hypocrisy of the West, notes the liberal Tages-Anzeiger, but at least it is also good news for Libya: "So is Berlusconi a big hypocrite? Without doubt - but he's not the only one. ... 'If Libya is free today it is not just because the West loves Libya so dearly but because the country has oil,' wrote the think-tank European Council on Foreign Relations. This may be true but the war wasn't waged because of the oil. The Nato operation came about because the West had gone too far with its hypocrisy regarding Gaddafi. Now it has successfully changed sides it can get back to business. The positive aspect is that the oil billions will help the future Libyan government rebuild the country. And the oil companies have an interest in the establishment of legal security for their business and a secure environment for their employees. From both these things the people of Libya will also benefit."
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More from the press review on the subject » International Relations, » Trade, » Italy, » Libya
Discipline debtor states
The introduction of euro bonds only makes sense in conjunction with the creation of a central economic government for the Eurozone, writes the liberal Tages-Anzeiger: "If euro bonds are introduced we need at the same time an institution to ensure that no country exploits the solidarity of the others. This is the core problem of the current crisis. Merkel and Sarkozy have had bad experiences. They no longer blindly trust their colleagues - or each other. So creating a new, strong economic government is indispensable for introducing the euro bonds. This is what head of the European Central Bank Jean-Claude Trichet had in mind when he proposed the founding of a European finance ministry. The institution must, he said, have the powers to intervene in the monetary policy of undisciplined Eurozone countries. Only so can it be guaranteed that no one abuses the euro bonds."
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More from the press review on the subject » Fiscal Policy, » Financial Markets, » Inflation, » Europe
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