• Italy: Our thoughts on the new government

    Last night, almost three months after the Italian general election, the President, Sergio Mattarella, appointed a new political government supported by the Five Star Movement and the League. The government’s mandate comes into effect later today and will be led by Giuseppe Conte as Prime Minister, while the leaders of the two abovementioned parties (Di…

  • Completing the Banking Union? Reducing the link between banks and sovereigns

    Yesterday the European Commission adopted a roadmap for a Eurozone-wide (re-)insurance scheme for bank deposits by 2024 and set out further measures to complete the Banking Union. The creation of a Single Supervisory Mechanism (SSM) has already achieved a rather strong separation of banks from national control through pressure exerted by supervisors. In addition, the…

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