Editorials: Italy’s Election Is a Shipwreck | Luigi Zingales/Foreign Policy

few weeks ago, an Italian magazine asked me to illustrate graphically how I see Italy from abroad. I am incompetent at drawing, but an image instantly popped in my mind: the Costa Concordia shipwreck in the Mediterranean Sea in 2012. Italy, too, is a beautiful ship slowly sinking because of the ineptitude of its captain — or captains, as it were. Surprisingly, this is not the view most Italians have of their own country. Most recognize the Italian ship is taking water on board, and that in theory it could sink by defaulting on its public debt. But Italians have faith that the Stellone Italiano (the Italian lucky star) will save them at the last minute, just as it has historically bailed out the Italian soccer team in World Cup matches.

Full Article: Italy’s Election Is a Shipwreck – Foreign Policy.

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