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Nouriel Roubini's Global EconoMonitor

Roubini on Eurozone Panel at the Milken Institute Global Conference

Panel Discussion from the Milken Institute Global Conference: The Eurozone: Still One for All and All for One?

Speakers:

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

Moderator:

Komal Sri-Kumar, Group Managing Director and Chief Global Strategist, TCW Group Inc.; Senior Fellow, Milken Institute Click for Video [75:27, Roubini Remarks start at 21:43]

milken_institute_42810.jpg

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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