Roubini on Eurozone Panel at the Milken Institute Global Conference
Bo Lundgren, Director General, Swedish National Debt Office; former Minister for Fiscal and Financial Affairs
James McCaughan, CEO, Principal Global Investors
Nouriel Roubini, Professor of Economics and International Business, Stern School of Business, New York University, Chairmen of RGE
The debt crisis in Greece has seriously frayed the ties that bind the Eurozone together with a monetary union but without fiscal transfers. Unable to afford the expensive social programs its citizens demand while staying within the Eurozone’s debt limits, Greece can neither raise import tariffs nor devalue its currency. The stronger member nations — especially Germany — are torn between their distaste for a bailout and the need to prevent the crisis from spiraling any further. Is there a need to create a European Monetary Fund? Will the euro manage to recover? Do ballooning deficits in Spain, Italy and Portugal signal further storms on the horizon? This panel of experts will explore whether the Eurozone can forge a successful system of joint economic governance.
All rights reserved, Roubini GlobalEconomics, LLC
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