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The future of Europe's economy amid geopolitical risks and global fragmentation

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, growth, investment and productivity

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· Fabio Panetta Wiki · Banca d'Italia WikiThe future of Europe's economy amid geopolitical risks and global fragmentation

ContextText of the Lectio Magistralis by Fabio Panetta, Governor of the Bank of Italy, on the occasion of the conferral of an honorary degree in Juridical Sciences in Banking and Finance by the University of Roma Tre, Rome, 23 April 2024.

Why it mattersPanetta calls for coordinated EU policies and more public investment as globalisation retreats.

Problems raised
  1. Geopolitical conflicts threaten trade.
  2. Globalisation seems to reverse.
  3. EU policies can cause imbalances.
Solutions proposed
  1. Coordinate policies across the EU.
  2. Raise public investment.
  3. Strengthen Europe's economy.
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