The Euro Crisis: Pessimistic and Optimistic Viewpoints


January 19, 2012, 3:00 AM EST
Peterson Institute for International Economics, Washington, DC

Event Summary

The Peterson Institute hosted a meeting to discuss the euro area crisis on January 19, 2012, releasing two new papers on the topic at that time: a relatively pessimistic analysis by Senior Fellows Peter Boone and Simon Johnson along with a relatively optimistic piece by C. Fred Bergsten and Jacob Funk Kirkegaard. The authors presented both viewpoints followed by audience questions.

Peter Boone and Simon Johnson published an earlier study, Europe on the Brink, that the Institute released as a Policy Brief in July 2011. Jacob Funk Kirkegaard has followed the evolution of the crisis with frequent analyses on the Institute's RealTime blog, and C. Fred Bergsten recently published "Europe's Done Well" in the British magazine Prospect. These contrasting analyses are part of the Institute's continuing appraisal of this very hot topic.