Lorenzo Codogno​ – London School of Economics.

Are Germany and The Netherlands broken enemies of Italy? Well, no!  “Italy missed an opportunity to put its house in order in the past … the others did with sacrifices … a compromise must be struck … people need to understand what Europe stands for … without actions Italy’s GDP might contract of 10%, debt to GDP jump to 160%, a worst spread would cause Italy’s default .. time is of essence to avoid a financial crisis and to rebuild Europe’s economy… virtual meetings are an obstacle to back-door negotiations … a proposal must be found by this Friday” says Lorenzo Codogno.


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