In this article we underline the effects of the crisis that erupted in the U.S. in 2008, due to financial hazard, and then spread everywhere, to assess how the euro zone (EMU) and its countries have acted. We will consider two periods that the EMU has passed through, each characterized by a...

The article contains the introduction to the meeting on the financial crisis held in February at the Accademia dei Lincei, by Alberto Quadro Curzio, president of the division of Moral Sciences of the Accademia. The introduction deals with three main topics: a brief account of the crisis, the...