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.
Sources and authors
By Luigi Zingales
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Debt crisis
ECB in the Italian trap
6 September 20116Il Sole-24 Ore Milan
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.