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Massimiliano Marcellino, Professor in the Economics Department, argues that "This is surely not the right moment to spend so much time in drafting a new treaty that does little to address the most pressing short term problems of the euro area." Read his full articles Il nuovo trattato non seduce i mercati , La Repubblica, 26 January 2012 and "Why we don’t need the new fiscal treaty", Eurointelligence, 30 January 2012