Recovery Pathways: The Difficult Italian Convergence in the Euro Area

Navigating Italy's Economic Future in the Euro Area.

Recovery Pathways dissects the evolution of economic policy and governance within the European Union and Euro Area since the 2008 financial crisis. Marcello Messori analyzes the initiatives undertaken by European policymakers, including ultra-expansionary monetary policy and Next Generation EU, and their impact on the Italian economy.

This insightful work explains why Italy has missed previous opportunities and emphasizes the urgency of seizing the current one. Readers will gain a deeper understanding of:

• The fragile European construction and its governance
• The challenges of Italian financial fragilities
• The potential for Italian economic convergence

For economists, policymakers, and anyone interested in European economic governance, this is a critical analysis of Italy's difficult but essential recovery pathway.

Marcello Messori is Full Professor of Economics at Luiss University and President of Allianz Bank, Allianz Group, Italy.