What lies ahead for PIGS of the European Union?
Greek Finance Minister George Papakonstantinou attends the Economist conference in Athens on February 2, 2010. The European Union and the European Central Bank should create a crisis mechanism akin to the US Federal Reserve to help debt-hit member-states such as Greece, Nobel laureate economist Joseph Stiglitz said today.
Many European Union countries have already adopted the Euro as their currency, and more hope to switch to the Euro in the future, but deficits in Greece, Spain and Portugal are threatening the EU's economic growth. The European Central Bank doesn't want to let in other countries facing financial troubles, causing Poland and other former Communist states to push back their plans to switch to the Euro. What does this mean for Europe's economy? Is it a good idea for the EU to adopt a single currency?
Guests:
Donna Kardos Yesalavich, stock market reporter for Dow Jones Newswires
Andrew Hilton, Director of the Center for the Study of Financial Innovation in London
- AirTalk for February 9, 2010
- Age of parents linked to increased risk of autism
- Toyota recalls Prius and Lexus hybrids
- Mudslide update
- Israeli ambassador on Mid East politics
- What lies ahead for PIGS of the European Union?
- Why people experience pain differently
Also on this episode
Events
Film Week Oscar Preview
Sunday, February 19, 2012
1 p.m.
- 3 p.m.
It’s a hit with boffo box office! The 10th annual “Film Week on AirTalk” Academy Awards preview is coming to the historic Egyptian Theater on Hollywood Boulevard, Sunday, February 19th. The full cast of “Film Week” critics joins Larry Mantle to debate which nominees should take the top categories. Audience ... » More info
