Italy and the Eurozone Crisis

Roberto Di Quirico

First

2023-01-01

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Abstract

In 2008–13 Italy suffered a double crisis of long-term economic decline and short-term credibility, amplified by the international situation that endangered the stability of the whole Eurozone. Italian public debt and bonds were the pivotal elements of the Italian crisis and the crucial connection between it and the Eurozone crisis. Thanks to the ECB action, the Italian crisis was contained but not resolved.