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Is Europe in an existential crisis?


Yes vote: Italian Justice Minister Alfonso Bonafede (left) and Minister for Parliament Relations Riccardo Fraccaro (right) applaude Conte, after his government won a confidence vote at the Lower Chamber of Deputies in Rome on Wednesday. Italy’s new populist government has easily won its second, and final, mandatory confidence vote in Parliament’s lower chamber. — AP

Yes vote: Italian Justice Minister Alfonso Bonafede (left) and Minister for Parliament Relations Riccardo Fraccaro (right) applaude Conte, after his government won a confidence vote at the Lower Chamber of Deputies in Rome on Wednesday. Italy’s new populist government has easily won its second, and final, mandatory confidence vote in Parliament’s lower chamber. — AP

YES, according to George Soros speaking at the European Council on Foreign Relations last week.

Five days later, I heard him elaborate on this view at the Trento Economics Festival in northern Italy. For an Italian city to celebrate economics as a science is remarkable at a time when the economics profession has lost considerable credibility and trust. This was more so when the Italians finally managed to form a government two months after the elections last March.

Andrew Sheng

   

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