Macro Musings with David Beckworth cover image

Tomas Hirst on the State of ECB Policy and the Eurozone Economy

Macro Musings with David Beckworth

00:00

Is This the Beginning of a Fiscal Authority in the Eurozone?

Thomas Piketty: Eurozone has tended to evolve one crisis at a time. And I think this particular one will prove much the same as previous rounds, we're already seeing it in fact. He says debt and deficit criteria that were baked into the stability and growth pact don't seem very plausible over any reasonable timeframe from here. "This would hopefully be a moment where the Eurozone actually gets its act together a little bit on these things"

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