Preface; Mario Baldassarri & Franco Modigliani - PART I: THE CHANGING STRUCTURAL FRAMEWORK - Italy: an Ever-Lagging Economy?; Innocenzo Cipolletta - Transition, Evolution and/or Revolution in Italian Politics; Giuseppe Pittorino - Social Change: Reactivating the System; Nadio Delai - PART II: POLITICAL CONSENSUS AND ECONOMIC PERFORMANCE: FROM CRISIS TO THE GREAT OPPORTUNITY - Italys Perverse Enveloping Growth Model Between Economic Reform and Political Consensus: the 1992 Crisis and the Opportunity of 1993; Mario Baldassarri - 1993: the Year of the Great Opportunity?; Franco Modigliani - The European Environment and the Italian Policy Mix or the Astuteness of History (A Non-Treasury View); Luigi Spaventa - Italy in the EMS: After Crisis, Salvation?; Stefano Micossi & Pier Carlo Padoan - Italy and the Modigliani Model; Rudiger Dornbusch - A Look at Italy; Paul A. Samuelson - A View from the Country Next Door: A Radical Economic Reform for France; Olivier Blanchard - The European Monetary System Crisis: Causes and Agendas; Antonio Marzano