CAMBRIDGE WINTER CENTER
for Financial Institutions Policy
Learning from the Eurozone Crisis
In a presentation to the World Affairs Council, Orange County, Cambridge Winter’s executive director describes the continuing Eurozone crisis, and its potential impacts on the still-fragile U.S. economic recovery.
The presentation argues that the American response to the financial crisis -- despite its wild unpopularity and sometimes inequitable results -- might just work. Unfortunately, the weaker Eurozone economies will not be so lucky, and it is quite possible the U.S. will suffer a significant blow to its nascent recovery as a result. U.S. policy-makers may be forced to confront the real need for a second round of politically toxic fiscal stimulus.
GREEK WEAK
June 9, 2010
The American response to the financial crisis has been wildly politically unpopular, seemingly inequitable, and often chaotic . . . but it just might work. The weaker Eurozone economies will not be so lucky.
