We study the experience of the three fully privatised European airlines: British Airways, Lufthansa and Iberia. All airlines have undergone a deep restructuring much before (and in view of) the privatisation, with the state bearing most of the related financial cost (especially in the cases of...

We discuss whether and to what extent Italian banks will be able to support the recovery after the COVID-19 pandemic. The answer crucially depends on how the legacy of the Great Financial Crisis is evaluated. Moving from the hypothesis that the problems must be examined in the context of the...