Eichengreen: Show Italy Tough Love

Tuesday, August 16th, 2011

Here’s a bit of bald Twitter self-promotion for you:

If you weren’t alarmed enough yet by the European situation, try this interview on for size (use Google Translate): http://t.co/K6EyrTs

@B_Eichengreen

Barry Eichengreen


Turns out that the interview in question is of UC Berkeley Prof. Barry Eichengreen himself, conducted by Die Welt writer Tobias Kaiser. (That link in his tweet opens a PDF of the interview. Of course it is in German, but no need for Google Translate when you’ve got the EuroSavant!)

Well, who among us who publishes on the Net can ever be immune from such cross-posting temptation? Besides, he has some interesting things to say on the current transatlantic debt crises, and his piece was even retweeted, and so implicitly endorsed, by Doctor Doom himself.

Prof. Eichengreen emphasizes that, whatever else might be going on currently in the Eurozone, Italy and Spain must now be the focus of policy-makers’ attention. That is not so insightful per se – German Chancellor Angela Merkel is in Paris today to meet with President Sarkozy and presumably the public finances of those two ailing Mediterranean states will be high on their agenda. (Not that top-level officials from either will be present; that’s not always necessary when the EU’s two big powerhouse-states are having discussions.) (more…)

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