27 March 2012
Venue: G.E. Fogg Lecture Theatre, G.E. Fogg Building, Queen Mary, University of London, Mile End Campus
Is there a future for the Eurozone?
Professor Costas Lapavitsas, Department of Economics, School of Oriental and African Studies, University of London
The main source of instability in the Eurozone are the actions and policies of core countries, particularly Germany. For peripheral countries the monetary union is likely to mean sustained economic and political decline. Consequently, economic and social unrest in the periphery are likely to pose a major risk to the monetary union. Greek default and exit could be the first step toward the dissolution of the common currency.