Why would affluent northern-European taxpayers want to pour money into an Italian economy that is a basket-case? Except it isn’t.
Philipp Heimberger and Nikolaus Krowall
Philipp Heimberger is an economist at the Vienna Institute for International Economic Studies (wiiw) and at the Institute for Comprehensive Analysis of the Economy (Johannes Kepler University Linz). Nikolaus Kowall holds an endowed professorship in international macroeconomics at the University of Applied Sciences for Economics, Management and Finance, Vienna.