Kingston Contemporary Issues Lecture 7 the Euro Crisis
3,025 views · Published 30 March 2017 · 1:34:47 · Indexed 21 September 2026
Channel: ProfSteveKeen · 2017 · Education
In 1992, Wynne Godley predicted that the Euro would amplify any future economic downturn into a crisis: "“ If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation…"
