Covid-19

No matter how much fiscal support he will receive, it will do nothing to reverse Italy’s productivity trajectory.

The Covid-19 crisis does not and will not change the principles of economics – but that will not stop politicians from trying.

What happens over the coming weeks and months will determine our political and economic fate for decades to come.

In the Western Roman Empire’s case, it was the barbarian soldier Odoacer who finished off the ruins of a once-proud Empire.

Physically separated but united in spirit, our team has done what we do best.

Not even Friedman could have foreseen a systemic, multi-layered crisis as the one we are witnessing today.

If the Government moves quickly and confidently to beef up its border controls, testing regime and quarantine measures then, given our limited number of cases now, there is still a slim chance to avoid a national health disaster.

Sadly, by the same logic of contagion, the Italian fate now awaits most other nations.