Harry Eichengreen Describes The Eurozone Crisis And Solutions

This is a link to a recent lecture by Harry Eichengreen on the eurozone crisis. He describes the causes of the crisis and then talks about 5 ways to deal with the crisis. He looks at each method and concludes that only one approach has a chance of working and that may come too late. He also describes the catastrophic consequences of failure. He believes that this is understood by politicians and that they have a powerful incentive to do what is needed.

This is a long video but it offers an understandable description of the crisis and the problems of fixing it.