What Next for the Eurozone? Macroeconomic Policy and the Recession (Unedited Version)

Mark Weisbrot, Co-director of the Center for Economic and Policy Research, and Prakash Loungani, Advisor at the International Monetary Fund's Research Department discussed the crisis in the eurozone at the IMF/World Bank Spring Meetings on April 17, 2013. Jo Marie Griesgraber, Executive Director, New Rules for Global Finance Coalition, was the moderator.

The eurozone is mired in its second recession in three years, and the most recent IMF projections show a decline in GDP for 2013. Unemployment has hit a record level of 11.9 percent for the eurozone, with Greece and Spain having jobless rates of 26 percent. The risks of a serious financial crisis in the eurozone have subsided considerably since last year, but remain significant enough to possibly affect world economic growth and employment.

This forum looked at macroeconomic policy in the eurozone, and the challenges to restoring employment and growth.

Видео What Next for the Eurozone? Macroeconomic Policy and the Recession (Unedited Version) канала Center for Economic and Policy Research