Imperfect Union: The Eurozone in Crisis - Full Episode
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After WWI, Europe's leaders established greater economic ties to help prevent future continental conflict. Now, more than half a century later, the EU faces the biggest financial crisis in its history with future of the eurozone itself is under question. How did the 2008 global recession contribute to the development of the euro crisis? The health of the euro affects and is affected by the state of the global economy. How can European Union leaders prevent the collapse of the common currency? Full episode from the Great Decisions PBS series: http://www.greatdecisionsonpbs.com/ Visit our website for more information: http://www.fpa.org/ Narrated by Academy Award nominated actor David Strathairn and produced by the Foreign Policy Association, each half-hour episode of the Great Decisions documentary series tackles a different challenge facing America today. Executive Producer: MacDara King Lead Editor: David Heidelberger info@fpa.org
Comments
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Just maintain an economic union (free trade areas) with floating currencies for individual member states. There is no mobility of labor, the differences in cultures is too great. Let the market decide the value of individual member state currencies, but let the member states set their own laws and interest rates. Sure, keep barriers for movement between states low like customs and immigration. Sure agree to follow common trade laws like competition policy, but do not adopt a common currency when national interests do not align i.e i do not blame NJ for being lazy because they had a higher debt last year, when im in NJ with 25% unemployment, I do not complain, I just move another state and things balance out. That is impossible here, America had 100s of years to figure this stuff out as it slowly grew from 13 to 50 states with the same culture, deciding what powers are left to the states and which are not. Europe forced itself together all at once with no common language or culture and then decided to change overnight from anti federalists to federalists. .
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Just wonder what would happen if all the other countries became as 'competitive' as Germany... Ouch!
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This lousy presentation is essentially defense for neoliberalism, which isn't even mentioned. This 40-year program of failure has consolidated production in fewer and fewer corporations, consolidated wealth in fewer individuals, consolidated media and education in fewer hands of control, and stripped democracy from humanity by consolidating political power in those who hold the money. This video avoids all of this entirely. Additionally, it asserts the failed lies of Friedman and Greenspan about "fiscal responsibility". Neoliberals have been "fiscally responsible" for 40 years by cutting public funding, moving wealth and income away from the working-class, shifting the wealth to the corporate parasites of the FIRE industries (finance, insurance, and real estate). That's how you kill economies, democracies, families, and civilization.
For accurate and intelligent discussion of economics, break away from the neoliberal fraudsters. Look up Yanis Varoufakis, Michael Hudson, Richard Wolff, Stephanie Kelton and the UMKC Economics School, Economic Policy Institute, the Levy Economics Institute, and The Institute for New Economic Thinking. The Capitalist parasites are dead dinosaurs. We have to disempower them and get them out of our public offices before they utterly destroy everything. -
It's after WWII - in the description
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USA and European Union brother and sister bankrupt thieves.
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So, the US wants a strong Europe....and the TTIP is one way of achieving that? corporate "legally" overtaking state and government power to protect its people.....have the elites on either side of the Atlantic felt the effects of the crisis? I think not....this present Europe is not the Europe I want.
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Thank you for this informative documentary.
Expecting more videos.
24m 50sLenght
42Rating