To the Parliament of the Italian Republic, to the Political Parties (English version)

To the Parliament of the Italian Republic, to the Political Parties

In this difficult period Italy needs an authoritative government which is able to act with determination in both the European and global context. Although we do not neglect the recent serious responsibilities of the Italian ruling class which has been unable to bring about a process of modernisation of the country necessary to put it back on a growth path, the Italian economic stagnation in the last decade has its main cause in the European macroeconomic context, and particularly in the absence in the Eurozone of fiscal and monetary policies aimed at sustaining economic growth, full employment, trade balances between the Monetary Union members, and with which to provide a greater distribution equality within and among countries.

The European crisis, worsening particularly after the financial market attack on Italian sovereign debt, finds its origin in the lack of this pro-growth context, and can only partially be explained by the progressive collapse of credibility of the former government. The absence of the traditional role of lender of last resort within the mission of the European Central Bank (ECB) is an additional explanation of the dramatic assault on Italian and other Eurozone sovereign debt. The financial measures adopted by the Eurozone governments to sustain the sovereign debts of the European periphery, like the EFSF, have been revealed to be largely inefficient at solving the financial crisis of the small peripheral countries, let alone to face that of the larger peripheral economies. The contractionary fiscal measures that have accompanied the European financial support provided have worsened the recession and the financial crisis of those countries. At the moment the Eurozone is without a compass. Because of the opposition of the stronger European countries, it has even rejected the proposal advanced at the recent G-20 summit of a special emission of Special Drawing Rights by the IMF in order to support the sovereign debts under attack. The survival of the Monetary Union and even of the Single Market are at stake.

We believe that the current situation and the solution to its  short and long period causes can only be met within the context of a progressive change of all European policies; in this framework Italy must also endeavour to make necessary reforms. We stand for a stronger coordination of the European fiscal, monetary and wage governance subject to a complete commitment to full employment. For this reason we oppose a balanced public budget clause in the national Constitutions.

In these circumstances we maintain that the new Italian government should rapidly act through the appropriate European institution, with the required determination and political alliances, to obtain a firm and unlimited guarantee by the ECB on the European sovereign debts with the aim of lowering the interest rates to a pre-crisis level. This intervention has been supported by the American Administration and by many international economists of different theoretical persuasions. Also relying on this authoritative support, we believe that policies of fiscal contraction are counterproductive. The request of the ECB pro-active role should therefore be accompanied by a commitment not to reduce the ratio of national public debts on GDP, but rather to stabilize this ratio at the current levels. Financial markets would understand this commitment and appreciate it. A new Italian government, either composed by “technocrats” or by politicians, that limited its duty as a mere executor of the European requests, as expressed in the last weeks, would cause a worsening of the financial crisis, at the Italian, European and world level, with devastating social consequences, and the unsustainability of the present European monetary and trade institutions. Firm in denouncing such perils, Italy should be an inflexible promoter at the European and G-20 levels of prompt fiscal and monetary policies to sustain aggregate demand, particularly in the trade surplus national economies.

The reduction of the interest rates in association with the commitment to the stabilisation of the sovereign debt/GDP ratio, in the context of international expansionary policies, would in Italy (and elsewhere) free the necessary resources to sustain growth on the aggregate demand side and support competitiveness. More specifically, we believe that these resources – with those forthcoming from a serious attempt to reduce tax evasion and from an ordinary (not una tantum) wealth tax – should be used in the first place to reduce the tax burden on wages, increasing net wages; to support education, R&D and culture; to sustain public investment to promote public direct involvement in production; to Mezzogiorno and the environment, and to sustain legality. Around these objectives an authoritative new Italian government should commit itself in Europe to asking and returning dedication and trust to the Italian people.

Signatures

(please send new signatures to Cesaratto@unisi.it, astirati@uniroma3.it, Ciccone@uniroma3.it)

Acocella Nicola, Università di Roma 1

Agustí Colom. University of Barcelona. Spain

Alacevich Michele, Columbia University, New York, USA

Aldred Dr. Jonathan University of Cambridge, U.K. : Fellow in Economics, Emmanuel College

Alfonso Vadillo, Facultad de Economía

Andriani Silvano, economista, ex Parlamentare

Arachi Giampaolo,Università del Salento

Archer Richard, President, Catalyst Australia

Ariani Fabrizio Economics Department University of Leicester

Artoni Roberto, Università Bocconi Milano

Aspromourgos Tony (University of Sydney)

Associate Prof. of Economics, Dept. of Finance & Economics, King Fahd University , Dhahran, Saudi Arabia

Babos Paola, Planning Specialist / Spécialiste en Planification, UNICEF Burkina Faso

Bagnai Alberto, Università Gabriele D’Annunzio Pescara

Barba Aldo, Università di Napoli Federico II

Barkin    David, Profesor de Economía, Universidad Autonoma Metropolitana-Xochimilco, Coyoacan, DF MEXICO

Barry John, Queen's University Belfast (UK)

Basil John Moore, Economics Department Stellenbosch University, South Africa.

Bass Hans-Heinrich, Bremen University A. S., Germany

Battistini Alberto Università di Siena

Bazzani Guido M. CNR IBIMET Bologna

Benería Lourdes, Professor Emerita of Graduate Studies, Cornell University, Ithaca, USA and Senior Associate IIEDG (Inter-University Institute on Women and Gender Studies), Barcelona, Spain

Berti Alessandro, Università di Urbino

Biagioli Marco, Università di Parma

Bibi Samuele, Universitá di Roma 3

Bina Cyrus Distinguished Research Professor of Economics, University of Minnesota (Morris Campus), USA

Birolo Adriano, Università di Padova

Blaas Wolfgang, Vienna University of Technology, Austria

Blankenburg Stephanie, SOAS Università di Londra

Boffo Marco, School of Oriental and African Studies, University of London.

Bonifati Giovanni Università di Modena e RE

Bosco Luigi, Università di Siena

Bosi Paolo, Università di Modena e Reggio Emilia

Branco Manuel, University of Évora, Portugal.

Cabrera Morales Sergio, Universidad Nacional Autónoma de México (UNAM)

Cademartori Invernizzi José, Ex Ministro del Presidente Allende

Caianiello Eva, dottoranda, Ecole des Hautes Etudes di Parigi.

Campa Giuseppe ,  Università di Roma, Sapienza

Canale Rosaria Rita, Università di Napoli Parthenope

Cangiani Michele, Università Ca’ Foscari Venezia

Caravelis Georges, European Parliament, DG IPOL  secretariat, Brussels:

Carmichael Dr F, Reader in Industrial and Labour Economics, Univ. of BHam (UK)

Carrera Antonio Cuerpo, Università Complutense Madrid (Spagna)

Caruso Enza (università degli studi di Perugia

Caselli Gianpaolo, Università di Modena e Reggio Emilia

Caselli Lorenzo Università di Genova

Castellano Rosaria, Università di Macerata

Cesaratto Sergio,  Università di Siena

Chernomas Robert, University of Manitoba

Chiodi Guglielmo, Università di Roma 1

Cho Bokhyun, Professor of Economics, Hanbat National University, South Korea, Daejeon City, South Korea

Ciccone Roberto,  Università di Roma 3

Claudio Sardoni Professor of Economics Department of Economic and Social Analyses Sapienza University of Rome

Consigliere Isabella (Ord. Pol. Ec.Università di Genova)

Contini Bruno, "S. Cognetti de Martiis" Università di Torino

Correa Eugenia,  UNAM-Mexico.

Corsi Marcella, Università di Roma 1

Costabile Lilia, Università di Napoli Federico II

Cozzi Terenzio Università di Torino

Cruccolini Roberto, Arbeitsgemeinschaft kommunale und kirchliche Altersvorsorgung, München

D’Ippoliti Carlo, Università di Roma 1

Daniela Venanzi Professore Ordinario di Finanza aziendale Università degli Studi di Roma Tre

D'Apice Carmela Università di Roma 3

De Cecco Marcello, Scuola Normale Superiore di Pisa

De Francesco Massimo Università di Siena

De Leo Manfredi (Dottorando, Università Roma 3)

De Muro Pasquale, Università di Roma 3

De Nicola Fernando ricercatore ente pubblico di ricerca

De Vivo Giancarlo, Università di Napoli

Della Valle Claudio, economista, Independent International Consultant

Devillanova Carlo, Università Bocconi Milano

Di Gioacchino, Debora Department of Economics and Law, Sapienza University of Rome

Di Giorgi Umberto, Università di Roma 3

Di Guilmi Corrado, University of Technology, Sydney, Australia

Di Laurea Davide, Istat

Ditta Leonardo, Università di Perugia

Dorato Lorenzo, dottorando economia RomaTre

Edwards Michael, The Bartlett School, UCL, London

Elia Valerio, Università del Salento

Elsner Wolfram, Univ Bremen, Econ & Business Studies
Weeks John, Professor Emeritus, University of London

Epstein Gerald, University of Massachusetts, Amherst, MA, Usa

Evans Trevor, Berlin School of Economics and Law

Fabio Clementi, Dipartimento di studi sullo sviluppo economico, Università degli studi di Macerata

Farina Francesco, Università di Siena

Febrero Panos Eladio, Università di Castilla La Mancha (Spagna)

Felice Emanuele, Università autonoma di Barcellona (Spagna)

Fernando Pellerano Morilla, Universidad Autónoma de Santo Domingo, Santo Domingo, DOMINICAN REPUBLIC

Ferreiro Jesus, University of the Basque Country, Spain

Figuera Prof. Stefano Università degli Studi di Catania

Filipenko Anton, Taras Shevchenko Kyiv University – Ukraine

Fiorito Alejandro, Universidad de Buenos Aires, Argentina

Fiorito Luca, Università di Palermo

Fischer Andrew M., International Institute of Social Studies of Erasmus University Rotterdam (ISS)

Fontana Marzia, Research Fellow, Institute of Development Studies at University of Sussex , U.K.

Forges Davanzati Guglielmo, University of Salento

FRANGAKIS MARICA, NICOS POULANTZAS INSTITUTE, ATHENS

Franzini Maurizio,  Università di Roma 1

Fratini Saverio M., Università di Roma 3

Frenkel Roberto CEDES

Fubini Lia, Università di Torino

Fullbrook Edward http://rwer.wordpress.com/

GARCIA-ARIAS Jorge, Department of Economics, University of Leon. Spain

Garofalo Guseppe Università di Roma 1

Garofalo Maria Rosaria, Università di Salerno

Gezgin Ulas Basar, former economics lecturer, Turkey-Vietnam

Ghignoni Emanuela, Università di Roma 1

Ghosh Jayati, Jawaharlal Nehru University, New Delhi, India.

Giannetti Marilena Department of Economics and Law University of Rome 1

Gianni Alfonso, già sottosegretario all’Industria (governo Prodi)

Ginzburg Andrea, Università di Modena e Reggio Emilia

Gnesutta Claudio, Università di Roma 1

Gomersall Nicholas (Luther College, Decorah, USA)

Gottardi Donata, ordinaria di diritto del lavoro, Università di Verona

Graça João Carlos, Departamento de Ciências Sociais, Universidade Técnica de Lisboa, Portugal

Granaglia Elena, Università di Roma3

Grillo Michele Università Cattolica Milano

Hamel Pierre J., INRS, Montréal, Québec

Harcourt G. C., University of New South Wales, Formerly University of Cambridge, UK

Hargreaves Heap Shaun P. University of East Anglia, Norwich UK

Helmedag Fritz, Lehrstuhl Volkswirtschaftslehr Technische Universität Chemnitz     

Hermann Arturo, Primo ricercatore presso ISTAT.

Hodgson Geoffrey, Università di HertfordShire (RU)

Holterman Martin, European University Institute

Iacono Roberto, Phd Candidate, Department of Economics, Norwegian University of Science and Technology, Trondheim

Ietto-Gillies Grazia, Emeritus Professor of Applied Economics, London South Bank University

Imperia Andrea Uniroma 1

Jaén-Garcia Manuel.  University of Almería (Spain)

Jakob Vestergaard, Danish Institute for International Studies, Copenhagen, Denmark

Jo Tae-Hee, Buffalo State College, US

Jorge Carreto, Universidad Nacional Autonoma de Mexico (UNAM), 

Jorge Garcia- Arias, University of Leon Spain

Jossa Bruno, Università 'Federico II' di Napoli

Keen Prof. Steve, School of Economics & Finance,University of Western Sydney,Australia

Kerr Prudence, University of Adelaide, AUSTRALIA

King John, La Trobe University, Melbourne (Australia)

Klaus Nielsen, Professor of Institutional Economics, Birkbeck, University of London, United Kingdom

Krimpas George E., Università di Atene (Grecia)

Kurz Heinz D., University of Graz , Austria

Laibman David, Professor (Emeritus), City University of New York, USA

Lampa Roberto, Università del Salento - New School for Social Research

Lavoie Marc, Università di Ottawa (Canada)

Lazzarini Andres, University of Buenos Aires & CONICET, Argentina

Lee Frederic S., Department of Economics, University of Missouri-Kansas City

Leon Paolo, Università di Roma 3

Levrero Enrico Sergio, Università di Roma 3

Levy-Orlik Noemi, UNAM, Mexico

Liagouras George, University of the Aegean, Chios Business School, Chios, Greece

Libanio Gilberto, Faculdade de Ciências Econômicas, Universidade Federal de Minas Gerais Brazil

Lisi Domenico, Research Assistant, Università degli Studi di Catania

Liudmyla Vozna (independent economist) Ukraine (Zhitomir)

Lo Turco Alessia, Università Politecnica delle Marche

Loaiza Quintero Osmar Leandro, Universidad Nacional de Colombia, FCHE, Medellín

Lombardi Mauro, Università di Firenze

Loperato Francis Luiz C., Università di Campinas (Brasile)

Lopez Julio, Universidad Nacional Autonoma de Mexico

Louis-Philippe Rochon, Laurentian University, Ontario (Canada)

Luca Fantacci, Università Bocconi Milano

Luca Solari Professore straordinario di Organizzazione aziendale Università degli Studi di Milano

Lucarelli Bill, University of Western Sydney

Lucarelli Stefano, Università di Bergamo

Luengo Fernando, Economía Aplicada, Instituto Complutense de Estudios Internacionales, Campus de Somosaguas (Spagna)

Lugli Loris, già direttore IRES Emilia Romagna

Lunghini Giorgio, Università di Pavia

Maccarini Andrea M. Department of SociologyUniversity of Padova
Michl Thomas, Economics, Colgate University Hamilton, New York

Madsen Ove  Mogens, Aalborg University (Danimarca)

Maffeo Vincenzo, Università di Roma 1

Maharajh Rasigan, chief director institute for economic research on innovation, faculty of economics and finance, tshwane university of technology, South Africa

Mañé-Estrada Aurèlia, Economic Policy lecturer (Universitat de Barcelona)

Mántey Guadalupe, Universidad Nacional Autónoma de México (UNAM)

Marani Ugo, Università di Napoli Federico II

Marco MUSELLA, Ord. di Economia Politica, Preside di Scienze Politiche

Marco Ponti, professore ordinario di economia applicata Politecnico di Milano

Marcuzzo Maria Cristina, Università di Roma 1

Margherita Russo, Professore di Politica Economica, Università di Modena e Reggio Emilia

Marletto Gerardo Università di Sassari

Martinelli Alberto Professor Emeritus of Political Science and Sociology, University of Milan, Italy

Matera Claudio, T.M.C. Asser Instituut, L'Aja, Paesi Bassi

Mazzucato Prof.a Mariana, SPRU, University of Sussex

McCrate Elaine, Economics and Women's Studies, University of Vermont, USA

McDonnell Thomas, Economist, Think-Tank for Action on Social Change (TASC), Dublin, Ireland

McDonough Prof. Terrence,Economics, National University of Ireland, Galway

Meaulle Matthieu, Economic Advisor, Foundation for European Progressive Studies (FEPS), Brussels

Michelini Luca, Università LUM Bari

Milonakis Dimitris, Department of Economics, University of Crete

Mistri Maurizio, Università di Padova

Mittone Luigi, Director Computable and Experimental Economics Laboratory, University of Trento

Mohun Simon, Emeritus Professor of Political Economy, Queen Mary, University of London

Mohun Simon, Emeritus Professor of Political Economy, Queen Mary, University of London

Mongiovi Gary, St.Johns University (USA)

Morroni Mario, Università di Pisa

Mott Tracy, Department Chair, Department of Economics, University of Denver, U.S.A.

Musotti Francesco, Università di Perugia

Naldi Nerio Uniroma1.it

Napolitano Oreste, Università di Napoli Parthenope

Nissanke Machiko, SOAS, University of London

Nuti Domenico Mario, Università di Roma 1

Ofria Ferdinando, Università di Messina

Ortona Guido, Università del Piemonte Orientale, Alessandria

Osculati Franco, Ordinario di Scienza delle Finanze, Università di Pavia
Pack Spencer J. Professor of Economics, Connecticut College, New London, CT  USA

OTMANI Abdelhafid, Paris8 university

Ötsch Walter Otto, Johannes Kepler Universität, Linz, Austria

Pagano Ugo, Università di Siena

Paladini Ruggero , Università di Roma 1

Palazzi Paolo, Università di Roma 1

Palma Daniela - ENEA

Palumbo Antonella, Università di Roma 3

Pancotto Francesca Assistant Professor of Economics University of Modena and Reggio Emilia

Panico Carlo, Università di Napoli

Paolo PAESANI TOR VERGATA

Park Man-Seop, Università di Seul (Corea del sud)

Parodi Giuliana Università D'Annunzio Chieti-Pescara

Parrinello Sergio Università di Roma 1

Pastrello Gabriele, Università di Trieste

Pat Devine, University of Manchester, UK

Peacock Mark, York University, Toronto, Canada

Pennacchi Laura, Fondazione Basso

Pereira Fernando Batista , Cedeplar/Universidade Federal de Minas Gerais

Perri Stefano, Università di Macerata.

Pessali Huascar (Federal University of Parana, Brazil)

Picchio Antonella, Università di Modena e Reggio Emilia

Pier Luigi Porta Università degli studi di Milano-Bicocca

Pires Eugénia, Economista, Portugal, Research student at SOAS London.

Pisauro Giuseppe professore ordin. Scienza delle finanze, Fac. Economia - La Sapienza

Pivetti Massimo, Università di Roma 1

Pizzuti F. Roberto, Università di Roma 1

Pochini Silvia Università di Pisa

Podkaminer Leon, Wiener Institut für Internationale Wirtschaftsvergleiche Vienna (Austria)

Pugno Maurizio, Università di Cassino

Puig Albert, Universitat Oberta de Catalunya (Spain)

Raberto Marco, University of Genova

Ramazzotti Paolo, Università di Macerata

Rangone Marco, Università di Padova

Rapetti Martin, University of Buenos Aires, Argentina.

Ravagnani Fabio, Università di Roma 1

Realfonzo Riccardo, Università del Sannio

REATI Angelo, former EU official

Ricci Andrea, Università degli studi "Carlo Bo" di Urbino

Richardson Colin, Internet Economics Consultant, Imperial College London

Ricottilli Massimo Università di Bologna

Rock Charles P.  Dr., Visiting prof., National Research Univ.- Higher School of Economics, Moscow, Permanent Position: Professor of Economics, Economics Department, 

Rollins College, Winter ParkUSA

Rossi Sergio, Professore ordinario di economia, Università di Friburgo (Svizzera)

Russo Alberto, Università Politecnica delle Marche

Russo Vincenzo Università di Roma 1

Sabatini Fabio, Università di Roma 1

Saccareccia Mario, Università di Ottawa (Canada)

Sacconi Lorenzo, Università di Trento (direttore EconomEtica)

Salanti Andrea, Università di Bergamo

Saraceno Francesco, Research Center in Economics of Sciences-Po, Paris

Sau Lino, "S. Cognetti de Martiis" Università di Torino

Savoia Antonio (Dr), Lecturer in Development Economics , Institute for Development Policy and Management , The University of Manchester (UK)

Sawyer Malcolm, Università di Leeds

Scacciati Prof. Francesco, Dipartimento di economia, Facoltà di Scienze Politiche, Università di Torino

Schaffer Harwood D., University of Tennessee Institute of Agriculture, Knoxville (US)

Schiattarella Roberto, Università di Camerino

Schraner Ingrid GAICD, School of Economics and Finance, University of Western Sydney, Australia

Sciulli Dario Ricercatore Dipartimento di Economia Università "G. d'Annunzio" di Chieti-Pescara

Sergio Brasini, Prof. Ord. di Statistica economica, Università di Bologna

Severati Paolo – Ricercatore Isfol

Shaikh Anwar, Professor of Economics, Department of Economics, New School for Social Research, New York

Silva Francesco, Università di Milano Bicocca

Simonazzi Anna, Università di Roma 1

Soci Anna, Univesrità di Bologna

Solari Stefano, Università di Padova

Soliani Riccardo Università di Genova

Sordi Serena, Università di Siena

Spalletti Stefano, Università di Macerata

Stefania Gabriele, dirigente ricerca CNR

Stefano Sylos Labini, ENEA Roma

Stein Howard, University of Michigan,

Stirati Antonella, Università di Roma 3

Stroffolini Francesca Università Federico II Napoli

Tabb William K., Professor of Economics Emeritus, City University of New York

Tamborini Roberto Dipartimento di Economia - Università di Trento

Theocarakis, Nicholas J., Faculty of Law, Economics and Politics, National University of Athens

Thomasberger Prof. Dr.

Claus, University for Applied Sciences, Berlin

Tiberi Mario, Università di Roma 1

Torsten Heinrich, University of Bremen

Travaglini Carlo, M., Università di Roma 3

Trezzini Attilio Università di Roma 3

Tridico Pasquale Università di Roma 3

Trillo David (Madrid), profesor titular de Universidad Rey Juan Carlos

Tropeano Domenica, Università di Macerata

Università Federico II - Napoli

Uthman Dr. Usamah Ahmed

UXÓ JORGE, University of Castilla - La Mancha, Spain

Vaggi Gianni Università di Pavia

van Ophem Johan, Wageningen University, The Netherlands

Veneziani Roberto, School of Economics and Finance, Queen Mary University of London

Vercelli Alessandro, Università di Siena

Villa Paola Dipartimento di Economia Università degli Studi di Trento

Visaggio Mauro, Università degli Studi di Perugia

Vote Christopher, Graduate School of Economics, Hitotsubashi University, Tokyo

Watt Andrew, Senior researcher European Trade Union Institute

WHITE GRAHAM, School of Economic, THE UNIVERSITY OF SYDNEY

Zamparelli Luca, Università di Roma 1

Zezza Gennaro Università di Cassino e Levy Institute (USA)