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Gliding Through Life: John Cochrane on the Making of an Economist | GoodFellows | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

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The Euro's Fiscal Dilemma

This chapter explores the challenges of maintaining the euro without a corresponding fiscal union, emphasizing issues like sovereign debt crises exemplified by Greece. The conversation highlights the role of the European Central Bank in managing government debt and the implications of these policies on economic stability. Additionally, it discusses the necessity for reforms in fiscal policy and governance to address underlying economic problems and improve efficiency.

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