Design Defects and Policy Failures
This seminar offers a diagnosis of the current European debt crisis that traces its origins to inherent flaws in the legal and institutional design of the Eurozone.
This seminar offers a diagnosis of the current European debt crisis that traces its origins to inherent flaws in the legal and institutional design of the Eurozone. Questions to be addressed include:
Is the European Monetary Union responsible for the current Eurozone crisis?
What role have core nations such as Germany and France played in the crisis, compared to peripheral nations such as Spain and Greece?
What are the political and economic implications of austerity?
What policies should Europe adopt to resolve this crisis?
- Rohan Grey: Seminar Introduction 0:00:00
- Georges Ugeux: Opening Moderator Remarks 0:48
- Yanis Varoufakis: Introduction 3:54
- Yanis Varoufakis: Background - The 1920s 7:56
- Yanis Varoufakis: Introduction to Surplus Recycling 9:35
- Yanis Varoufakis: Post WWII & Bretton Woods 13:19
- Yanis Varoufakis: Why did the Gold Standard Die? 16:14
- Yanis Varoufakis: Post 1970s - US deficits and the birth of the Eurozone 16:40
- Yanis Varoufakis: Germany and the threat of Competitive Devaluation 18:50
- Yanis Varoufakis: Why did the European elites want to create the Eurozone? 21:30
- Yanis Varoufakis: The Maastricht Treaty and the Barriers to Entry for countries like Greece and Italy 24:42
- Yanis Varoufakis: 2000-2008 - Low German growth, periphery running on borrowed money 27:42
- Yanis Varoufakis: 2008 - Capital flows out of Europe, Domino effect 30:34
- Yanis Varoufakis: The Eurozone is Doomed 31:48
- Youtube: Misery Youtube clip 35:35
- Marshall Auerback: The Eurozone has failed 37:55