Greece and the European Debt Crisis
http://thedianerehmshow.org/shows/2011-11-03/greece-and-european-debt-crisis
European leaders are fed up. As world leaders gather for the G-20 economic summit in France, President Sarkozy had hoped the meeting would help boost the euro and showcase his leadership in Europe’s sovereign debt crisis. Then Greece made the surprise announcement it would put its rescue package to a popular vote. Now comes news that Europe may have slipped back into a recession with its highest unemployment levels since the euro was launched in 1999. France and Germany are demanding Greece declare whether it wants to stay with the euro or risk going it alone. The future of the eurozone – with or without Greece – and repercussions for the U.S. economy.
Guests
C. Fred Bergsten
director of the Peterson Institute for International Economics and author of "China's Rise."
Desmond Lachman
resident fellow, American Enterprise Institute.
David Wessel
economics editor, The Wall Street Journal; author "In Fed We Trust"
Comments
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CORRECTION TO EARLIER POSTING:
Why wouldn't a simple solution (to the euro problems and EU member nations' debts) be:
devolve the EU politically, administratively and in bureaucratic structures ways to what it was around the time of the AMSTERDAM treaty (before the introduction of the euro)...
and start again??
Once devolved to an AMSTERDAM treaty type of status, EU member countries could 'start again' with discussions regarding potential VOLUNTARY fiscal and/or monetary union of EU member countries and what would be required for this in terms of the establishment of new EU structures and what would be required of EU member countries wishing to join such a monetary and/or fiscal union- in order to bring this about...
Roderick V. Louis
Vancouver, BC, Canada