Backlash Over Eurozone Austerity Measures

Backlash Over Eurozone Austerity Measures

The Dutch government falls and Spain slips back into recession. Fallout from German-imposed austerity measures and new concerns over eurozone economies

There’s new evidence of economic and political strains among euro zone countries: On Monday the prime minister of the Netherlands resigned following the failure of his coalition government to find a way to meet deficit reduction targets. First round election results in France have raised doubts about President Nicholas Sarkozy’s political future. Spain has fallen back into recession. Italy, Belgium, the Netherlands and the Czech republic remain there, but the European Central Bank is not likely to come to the rescue once again. Please join us to discuss what’s ahead for the euro zone and its potential political and economic impact on the U.S.

Guests

Desmond Lachman

resident fellow, American Enterprise Institute.

Simon Johnson

professor of entrepreneurship at MIT's Sloan School of Management, a senior fellow of the Peterson Institute for International Economics and author of "White House Burning: The Founding Fathers, Our National Debt, and Why It Matters To You"

David Smick

global macroeconomic advisor, founder and editor of The International Economy magazine and author of "The World Is Curved: Hidden Dangers to the Global Economy".

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