Luigi Zingales
Luigi Zingales (b. 1963) is a liberal Italian economist. A graduate of Milan’s Bocconi University and Boston’s MIT, he teaches at Chicago University’s Booth School of Business and contributes regular columns to Il Sole 24 Ore.
Updated: 6 September 2011
Faced with the risk of Italian default, the European Central Bank opted to provide support for Italy’s sovereign bonds in exchange for a commitment from Rome that it would rapidly implement of a package of austerity measures. Now the Berlusconi government’s failure to take decisive action is seriously threatening the credibility of the ECB.