The latest euro summit, ending on December 9, is tasked with finally providing a true comprehensive solution to the sovereign debt and banking crises in the eurozone. How well will it succeed at this momentous task?
On December 14, the Center on the United States and Europe and Economic Studies at Brookings will host a discussion assessing the euro summit. Panelists will offer their perspectives on the successes and failures of the summit in addressing the sovereign debt crisis in Europe. Panelists include Antonio de Lecea, economic minister to the European Union Delegation to the United States, Desmond Lachman, senior fellow at the American Enterprise Institute, Brookings Senior Fellow Domenico Lombardi and Brookings Nonresident Senior Fellow Carlo Bastasin. Bastasin’s forthcoming book, Saving Europe (Brookings Press, 2012), provides a detailed explanation of how Europe went from the global financial crisis to its current situation. Brookings Fellow Douglas Elliott, a former investment banker and an expert on the financial sector around the world, will provide introductory remarks and moderate the discussion.
After the program, panelists will take audience questions.
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It’s hard for me to see how [a no deal Brexit] would benefit the EU at all. By nature of the single market, you’ve got a heavily integrated economy that would come to a screeching halt.