Wednesday, July 31, 2013

Jamie Galbriath Is Interviewed On Europe

This is an extensive interview, mostly about issues in Europe, that is well worth the effort.  Galbraith offers his views on the economics and politics of the eurozone.  He has spent quite a bit of time meeting with politicians in Europe and he has an unconventional approach to economics that is refreshing.  He does not believe that the eurozone can survive if Greece leaves the union.  History provides many examples that he uses to support this view.  He discusses the political and economic situation in Greece in some detail and he argues that European integration is dependent upon German leadership.  The politics in Germany stand in the way of the best solutions and the consequences of a eurozone break up will be severe for Germany, as well as it for the entire eurozone.

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