|
G20 summit fails to deliver crisis solutions
10.11.2011 15:07 "Agro Perspectiva" (Kyiv) —
As the Euro Zone battleground expands from Greece to Italy, problems continue to persist, following the G20 Summit in France, such as misguided fiscal policies, inadequate monetary policies and toxic assets of the European Central Bank. French President Nicolas Sarkozy, along with German Chancellor Angela Merkel, had hoped to tap into of the recent Euro Zone deal. But all that fell apart with a political turmoil caused by Greek Prime Minister George Papandreou’s decision to call a referendum on Greece’s membership of euro, which he did later reverse. Now, after two years of turmoil, European leaders have failed to contain the Euro Zone debt crisis. Scheherazade Rehman, a Professor of International Business/Finance and International Affairs at George Washington University in Washington, D.C, and Mark Entin, Director of the European Studies Institute at the MGIMO University, talk about the state of the economy and the future of Greece, Italy and the world economy.
Also available:
|
| |
|
|