The Twilight Euro Zone?

Friday, May 14, 2010

What does the European Union's announcement that it will offer a trillion-dollar bailout aimed at helping Greece, Spain, and other countries with struggling economies mean for the euro and for European politics? We'll find out.

Philip Coggan, Capital Markets Editor for the Economist, and Iain Begg, professor at the European Institute at the London School of Economics explain why some are saying that the euro is going through an existential crisis, and look at the political problems that crisis is causing throughout the EU.


Iain Begg and Philip Coggan
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Comments [2]

The US may have the legal and structural features to make mutual assistance easy, but are Americans so willing to bail one another out? Our government was very happy to bail out billionaires, but the poor and middle classes -- out elected officials are practically stepping on our throats.

May. 14 2010 12:40 PM
Yiorgos from Astoria

Greece should get rid of the Euro.
Before they adpopted the Euro, foreigners converting their currency to drachma always benifitted attracting alot of tourists.Its not the same now with the Euro and the greek tourist economy is suffering because of it. People are going to turkey instead, for example, especially now when everyone is broke. Greece get rid of the Euro so i can vacation on your islands like a greek god again.

May. 14 2010 12:37 PM

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