Giampaolo Galli

Populism and the broken engine of the Italian economy

In Italy, the temptation to go back in time, or shut the door to Europe and globalisation is strong, especially after a quarter of a century of poor economic performance, argue Lorenzo Codogno and Giampaolo Galli. Anti-establishment parties, which gained an outright majority in Parliament in the country’s recent elections, blame the past reform process, together with the threats […]

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Italexit is not a solution for Italy’s problems

Beppe Grillo’s Five Star Movement riding high in the polls in Italy has led to speculation over the prospect of the country leaving the euro. Lorenzo Codogno and Giampaolo Galli argue that an ‘Italexit’ would be a catastrophic scenario, with incommensurable economic, social, and political costs lasting for many years. They note that redenomination, and a likely default on debt […]

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