The Eurozone government debt crisis: Stylised facts, root causes, and policy lessons
A bird’s eye view on the root of the crisis and the way forwards. The four legs of the crisis. The setting up of safety networks and the revised fiscal framework. Assessing the outcome of policies, economic reforms and macroeconomic imbalances. Some considerations on the future of European governance: the five presidents’ report.
Prior to joining LSE, Lorenzo Codogno was chief economist and director general at the Treasury Department of the Italian Ministry of Economy and Finance (May 2006-February 2015). He was in charge of the economic analysis and planning directorate. He held responsibility for macroeconomic forecasts, cyclical and structural analysis on the Italian/international economy, and analysis on European and international monetary and financial issues. He coordinated the technical preparation of Italy’s official economic and financial planning documents, notably the Stability Programme and the National Reform Programme (Document of Economy and Finance).