Posen Sees No Reasonable Political Alternatives in Italy

The transcript discusses Italy's economic and political challenges, focusing on the banking sector and political instability. It compares Europe's economic situation with Japan's past challenges, highlighting the need for a shift in Europe's narrative to promote growth. The role of the ECB and the importance of political imagination in addressing these issues are emphasized.

What narrative needs to be turned around in southern European countries according to the text?

What role does the ECB play in addressing economic issues in Europe?