Streams

G-20 and the Euro Zone

Tuesday, June 19, 2012

(DonkeyHotey/flickr)

Simon Kennedy, Bloomberg News European Economy reporter, explains how leaders are addressing the Euro Zone crisis at the G-20 summit in Mexico, and what plan might emerge to stabilize the world economy.

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Simon Kennedy
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Comments [4]

carolita from nyc

There's a hole in the world economy that's being kicked from country to country as if we're in a giant slide puzzle. The only way to get rid of it has historically been through colonialization or slavery. It seems as if what's going to end up happening, if it's not going to be an amnesty, is that each country is going to turn on itself, and effectively "colonize" their own people through things like crushing unions, ending collective bargaining, and Citizens United. We may simply become countries of virtual fiefdoms.

Jun. 20 2012 08:02 PM
Martha from Brooklyn

I love this austerity doesnt work mantra. When they printing press stops working and people lose faith in the currency, what will be they say then? Oops, Guess we shouldnt have spent ourselves into oblivion afterall? It has happened to other countries even in the recent past. Governement spending is OK in the short run, but even Keynes thought there were limits. After how many years of saddliung oursleves with trillions of debt will we learn it does not really help.

Jun. 19 2012 11:12 AM
CK from YKT

What's wrong with "austerity?" As the caller said, is it unreasonable that someone has to work past age 55? Is it reasonable that others should pay for your life and needs? I can understand the Germans not wanting keep footing the bill for others. Reminds me of the grasshopper and the ants.

Jun. 19 2012 10:55 AM
Sheldon from Brooklyn

Austerity has been a massive failure?...shocking!!!

Jun. 19 2012 10:52 AM

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