In What Form Will the Eurozone Emerge from the Crisis?

Knowledge at Wharton

Episode Description

Wharton finance professor Franklin Allen delivers a keynote address on the uncertain future of the eurozone at the Wharton Global Alumni Forum held in Milan, Italy on May 17 and 18.

Brief Summary

The episode discusses Italy's new government, Euro Zone challenges, and the need for reforms in economic policies and the Stability and Growth Pact.

Key points

  • Positive Developments in Italy. The change in government last November is seen as a tremendously positive development for Italy and the Euro Zone.
  • Cameron's Warning. British Prime Minister David Cameron warns that the Euro zone is heading for disaster without urgent reforms.
  • Youth Unemployment Crisis. Spain faces a staggering youth unemployment rate of 51.1%, highlighting a major issue in Europe.
  • Greece's Economic Recovery. Despite chaos, Greece could see growth again after leaving the Euro Zone.
  • Optimism for the Euro's Future. A call for action to ensure the Euro's survival and growth.

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