This resonates with certain main themes in the evolution of supervisory activity in recent times. Much impetus for market-oriented reforms in Italy eventually came from European institutions. Europe was, indeed, a recurring theme in his writings from very early days. He supported a European federation immediately after the First World War.
From the columns of the Corriere della Sera he argued, under the pen-name “Junius”, that the League of Nations would be ineffective because it depended on the will of individual states, and advocated the creation of a federation of European nations. The articles went virtually unnoticed at the time.