In the first part of the lecture Paul de Grauwe develops the argument for a budgetary and political union in the Eurozone and makes clear what this means. In the second part, he discusses the minimum changes that are necessary to make the Eurozone sustainable in the long run.
Professor Paul de Grauwe is John Paulson Chair in European Political Economy at the LSE European Institute.
Dr Vassilis Monastiriotis is Associate Professor of Political Economy at the LSE European Institute.
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