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HARDtalk: Discussion on the Euro Crisis

01/06/2010

Discussion on the Euro Crisis

BBC News Channel - HARDtalk, Discussion on the Euro Crisis

Debate on whether the troubles in the eurozone precipitate another global financial crisis

Zeinab Badawi asks a British and an American economist and an Italian politician about whether the troubles in the eurozone precipitate another global financial crisis.

Could the troubles in the eurozone precipitate another global financial crisis? Greece's debt crisis has spread to Portugal, Spain and Italy, weighing heavily on eurozone banks exposed to their debt. The euro has been sliding, increasing nerves in markets about the possible knock on effects in the rest of the world.

There are worries that the tough austerity measures across Europe could de-rail a fragile global recovery. Zeinab Badawi asks a British and an American economist and an Italian politician how big are the risks and what is the remedy?  

The guests are Emma Bonino, Italian Senator and former EU Commissioner; Irwin Stelzer, Director of Economic Policy Studies, Hudson Institute; Philippe Legrain, Economist and author of 'Aftershock'.

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