Italy in EMU

LAURA BARDONE Directorate-General for Economic and Financial Affairs, European CommissionALEXANDRA BIBBEE Senior Economist, Economics Department, Organisation for Economic Cooperation and DevelopmentTITO BOERI Professor, Bocconi University, Milan, ItalyERIC CHANEY Chief Economist for Europe, Morgan StanleyCARLO AZEGLIO CIAMPI Former President of the Italian Republic (1999-2006)LORENZO CODOGNO Director of Economic and Financial Analysis, Italian Ministry of Economy and FinanceDANIELE FRANCO Head, Structural Studies Department, Bank of ItalyVITTORIO GRILLI Director General of the Treasury, Italian Ministry of Economy and FinanceDANIEL GROS Director, Centre for European Policy StudiesMARTIN LARCH Directorate-General for Economic and Financial Affairs, European CommissionALESSANDRO LEIPOLD Deputy Director, European Department, International Monetary FundLUCIA PIANA Directorate-General for Economic and Financial Affairs, European CommissionVITO ERNESTO REITANO Directorate-General for Economic and Financial Affairs, European CommissionPIETRO RIZZA Structural Studies Department, Bank of ItalyANDRÉ SAPIR Professor, Université Libre de BruxellesVITO TANZI Former Director, Fiscal Affairs Department, International Monetary Fund; Former Under-Secretary of State, Italian Ministry of Economy and Finance

• Foreword; C.A.Ciampi Introduction; M.Buti An Obsolete Model? Growth and Specialisation of the Italian Economy; R.Faini & A.Sapir Italy in the Euro Area: The Adjustment Challenge; L.Bardone & V.E.Reitano Comments; V. Grilli Comments; D. Gros Two Italian Puzzles: are productivity growth and competitiveness really so depressed?; L.Codogno Comments; T. Boeri Comments: S.De Nardis How to Ensure a Sustainable Fiscal Consolidation?; D.Franco & P.Rizza Comments; M.Larch & L.Piana Comments: V.Tanzi Italy Viewed from the Outside: The OECD View; A.Bibbee Italy Viewed from the Outside: The IMF View; A.Leipold Italy Viewed from the Outside: The Markets View; E.Chaney