Almost 10 years ago the worst economic crisis since the Great Depression shook the world, with effects that are still felt in many countries. From G20 to the European Union to individual countries, a number of measures have been taken to avoid another economic meltdown. However, the root-causes of the crisis have not been completely eradicated, and today's global system seems increasingly unfit to foster international cooperation. Can a new financial crisis hit the world again? Is it possible to avoid such scenario by using existing measures and norms? Have governments and international actors already depleted the financial resources required to face a new crisis and support businesses and workers? In particular, what are the risks for the Eurozone and for its most indebted countries, including Italy?
The event follows the morning's Workshop (closed-door and upon invitation only) "Global Cooperation for Financial Stability". It is part of the activities promoted in the context of the Think20 (T20) by ISPI, as an Italian member. T20 is the Think Tank organization providing studies and policy suggestions to the G20's world leaders and, this year, it takes place under the Argentine presidency.
The panel from the left: Giuseppe Parigi, Brad Setser, Gao Haihong, Franco Bruni, José Siaba Serrate, Lorenzo Codogno, Francesco Giordano.