In What Form Will the Eurozone Emerge from the Crisis?
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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Episode highlights
- Positive Developments in ItalyThe change in government last November is seen as a tremendously positive development for Italy and the Euro Zone.“It was a tremendously positive development for the Euro Zone and the EU as a whole.”0:28Jun 4, 2012
- Cameron's WarningBritish Prime Minister David Cameron warns that the Euro zone is heading for disaster without urgent reforms.“The Euro zone is heading for disaster unless it makes a move.”1:54Jun 4, 2012
- Youth Unemployment CrisisSpain faces a staggering youth unemployment rate of 51.1%, highlighting a major issue in Europe.“51.1% among youths is the real problem we face in Europe.”19:16Jun 4, 2012
- Greece's Economic RecoveryDespite chaos, Greece could see growth again after leaving the Euro Zone.“Greece would start to grow again.”31:06Jun 4, 2012
- Optimism for the Euro's FutureA call for action to ensure the Euro's survival and growth.“I'm very optimistic about the future of the Euro.”31:57Jun 4, 2012
Tension
45/ 100Some tension





