Realfonzo sulla inefficacia della politica monetaria ripreso dal Washington Post

“If there’s a periphery of the euro zone’s periphery, that’s Naples”, said economist Riccardo Realfonzo, a former councilman of the Southern Italian city. “The gap between the debate at the Royal Palace in Capodimonte and everyday life can’t be filled with just monetary policy.”
The miracle would be if European governments finally agreed on expansive fiscal measures,” said economist Realfonzo. “Naples is the best proof of how even accommodative monetary policy is set to fail if not coupled with expansive fiscal policies.”