EUROPEAN CROSSROADS: POST-CRISIS SCENARIOS
21 June, 11:45–13:00
The European monetary crisis is straining the continent’s economic and political fabric, while risking further disruptions to the global economy. What steps should be taken to shore up confidence in the Euro and the European project at large?
Key moments
You cannot have a workable fiscal union if few countries are going to be very successful and others are going to be uncompetitive and tied to the same fiscal framework.
You cannot have a workable fiscal union if few countries are going to be very successful and others are going to be uncompetitive and tied to the same fiscal framework.
You cannot have a workable fiscal union if few countries are going to be very successful and others are going to be uncompetitive and tied to the same fiscal framework.
You cannot have a workable fiscal union if few countries are going to be very successful and others are going to be uncompetitive and tied to the same fiscal framework.
I think default is very costly and difficult, so the European world probably needs a self-default, which means inflation.
