Kenneth Rogoff: Italy Has Faced a Long, Difficult Time

The video discusses Italy's economic challenges, including stagnant productivity since the 1990s, regional differences, and governance issues. It highlights the impact of competition from China and the potential banking crisis. The discussion covers currency depreciation, the euro, and the need for bank recapitalization as a stimulus. The video emphasizes the complexity of Italy's economic situation and the importance of strategic solutions.

What measures has Renzi attempted to implement to address Italy's economic issues?

What potential consequences could arise if Italy were to revert to using the lira?