The European House/Ambrosetti Financial Workshop has been a discreet but respected venue for two decades, held on the cusp of spring in Cernobbio on Lake Como.
The event attracts about 150 leading Italian industrialists who rub elbows with a handful of European finance ministers, top strategists and a few current and former central bankers. The timing was ideal to take the pulse of the deal cobbled together with some frayed nerves in Brussels on the eve of this workshop.
Curiously left out of most of the debate is the pain that will be inflicted in the med countries over the next four years as they try to take double digit budget deficits back down to the
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