Print
Email
Share
CiteJapan Should Scare the Eurozone
Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.
Speaker: Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations
December 8, 2011
The EU summit's potential for stemming the eurozone debt crisis hinges on Germany, says CFR's Sebastian Mallaby. "The central question in the European summit is whether there can be enough rule building to satisfy Germany, in order to liberate enough money to stabilize the weaker economies," Mallaby says. For the European Central Bank to intervene more forcefully in the markets, Mallaby says, what is needed is "some kind of compact that pushes the system towards more rules against excess borrowing by governments in the future to satisfy the German voters that they're not sending money down a bottomless pit."
Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, noncommercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write publications@cfr.org.
Facebook Twitter LinkedInHow can the United States help support peace in Macedonia and the Balkans?
The Future of U.S. Special Operations Forces
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
Reforming U.S. Drone Strike Policies
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
The biggest threat to America's security and prosperity comes not from abroad but from within, writes CFR President Richard N. Haass in his provocative new book. More
The Arctic Opens Up: The ice melts and the region heats up
Japan Is Back: A conversation with Shinzo Abe
subscribe nowPublished by the Council on Foreign Relations since 1922
Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.
Sebastian Mallaby argues that Spain is unlikely to get control of its debt dynamics without more aggressive action from European leaders.
Sebastian Mallaby argues that the European Central Bank should embrace a weighted-vote governance structure in its plans for a new bank...
Sebastian Mallaby considers how economic forecasters should adapt their methods to reflect today's high levels of policy uncertainty.