“I have the impression that, even if we handed political decision-makers today the newspaper from next year, many of them would not know what to do with it.” The remark is deliberately paradoxical, but it captures a real problem: the…
The EU shift from sanctions adoption to criminal enforcement For many years, what I considered a structural weakness of EU sanctions policy lay in enforcement. Restrictive measures such as asset freezes, trade restrictions, export bans and prohibitions on services are…
When lawyers speak of the “Italian sanctions authority”, the expression is convenient but potentially misleading. Italy does not entrust the implementation of international and European Union restrictive measures to a single administrative body. The national system is deliberately fragmented by…
Calling Ireland a tax haven is a good way to end a conversation before it starts. The phrase is politically loaded, slightly unfair, and — this is the problem — not entirely wrong. Ireland is not the Cayman Islands. It…
Germany did not win globalisation in general. It won a particular globalisation — one that handsomely rewarded countries willing to run persistent trade surpluses, hold wages down, starve domestic demand, and ride a real exchange rate that competitors locked inside the euro…
A recent Bank of Italy paper, China Shock 2.0: Structural Drivers and Implications for the Euro Area, argues that the post-pandemic surge in Chinese exports marks a new phase of competitive pressure on Europe. This is not simply a replay of…
Innovation is not the same thing as invention. Invention produces novelty; innovation transforms novelty into value. That transformation depends on an ecosystem: capital able to finance uncertainty, markets large enough to reward scale, institutions fast enough to enable experimentation, and…
Governor Fabio Panetta’s “Concluding Remarks,” delivered on 29 May 2026, paint a picture of a surprisingly resilient global economy shaken by a new energy shock — and point to artificial intelligence as the decisive battleground for Italy’s future. Every year,…
What the IAA is After the Net-Zero Industry Act, the Critical Raw Materials Act, and the Chips Act, it would be easy to dismiss the Industrial Accelerator Act (IAA, COM(2026) 100 final) as one more entry in an already crowded…
The adoption of an Italian National Security Strategy, defined by Article 5 of the Prime Ministerial Decree of 22 April 2026, marks a development I consider significant for the Italian security system. For the first time, Italy has a central…
The Decree of the President of the Council of Ministers of 22 April 2026 establishes the implementing regulation for Article 7-bis, paragraph 5, of Decree-Law No. 174 of 30 October 2015, concerning the management of crisis situations involving aspects of national security.…
La governance dello spazio è una di quelle aree in cui il divario tra capacità tecnica e immaginazione giuridico-istituzionale è più ampio. Il 7 novembre 2025 si è svolto presso l’Università LUISS Guido Carli di Roma il primo SPHERE Space…
