LSE November 28. De Grauwe on whether the EU design faults can be fixed.

Free no ticket but it's likely to be popular. Key topic.

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  • Mike

    My proposal is to install Tony Blair as president complete with Royal Train to travel round Europe. De Grauwe's plan is correct from an economic viewpoint but he can't say it is politically impractical. Even the Greeks go on wanting the Euro teat to suck. They don't see it as moral hazard. It's their rights! The Germans want their trade surplus and imagine the 'can can' be endlessly kicked down the road.

    He's no fool. Insiders have a line to toe.

    November 29, 2012

  • Dawwad123

    On a serious note,

    He seemed pained by that last question when asked if the EU could actually police the moral hazard issue. I shared his pain since the EU's track record on actually following the laws it makes is appalling. This is a shame because his proposals pretty much fall down since the EU has thus far been unable to either install or obey good government.

    November 29, 2012

  • Dawwad123

    My proposal is this:

    Install Angela Merkel as president of Europe. In view of Germany's history of trying to take over Europe, sweeten the pill by making Queen Elizabeth II head of state. Relocate Angela et al into the palace a Versailles where she can hold court (this should pacify the French). Then give the job of court jester to Nigel Farage, where he will have full, unrestricted liberty to say it 'how-it-is' every time the EU tries to do something ideologically lovely but also very silly (such as creating the Euro etc).

    Finally, the EU's anti American sentiment is a little childish and unhelpful. To this end I propose that I go there where I shall become 'King David 1st of the USA. This last suggestion might seem off-the-wall but I have actually suggested this to many Americans and 100% of them approved the idea*.

    Dave.

    *Whilst several actually said nothing at this suggestion, I 'knew' they were in favour.

    November 29, 2012

  • Mike

    They don't have the policy instruments available to do what is necessary Hans. They don't control interest rates or exchange rates. All that's left is a nightmare internal devaluation with the debt in Euros getting bigger as a ratio to GDP. De Grauwe is not myopic. He's covering his back. Opposing the project is career suicide.

    November 29, 2012

  • Mike

    A really excellent analysis of a difficult topic and of unrivalled clarity - as expected of De Grauwe. His conclusion? No Euro without a single European country. He carefully looked after his career position by saying he prayed the Euro would continue! One wonders if that's what he says privately.

    November 29, 2012

    • Hans

      I thought the analysis presented by De Grauwe was a little myopic but still informative on and full of entertaining analogies. We should remember the house did not spontaneously combust. The sovereign debt crisis or fire is the result of squandering, corruption and nepotism on a grand scale. Without the pressure of a crisis, these states will never make meaningful and politically difficult structural reforms, required for long term growth and an increased standard of living for their citizens.

      November 29, 2012

  • SSK

    Did anyone want to meet up just before/afterwards? Otherwise I'll probably give this a miss as my friend has organisied a charity event I really should go to...if only we could be several places at the same time!

    November 22, 2012

  • Mike

    The reason I suggested this meetup is because De Grauwe is a particular authority in the field and author of The Economics of Monetary Integration.

    November 7, 2012

  • Mike

    The poor mass unemployed are having their faces ground for the benefit of rich politicians who don't want their ambitions thwarted.

    Grinding the poor is official policy. That's why I can support face grinding of the poor. It's official! You can never go wrong supporting the government can you?

    October 16, 2012

    • Fabian S.

      Currently the EU leaders play at best the "second violin" - they've lost a lot of their power to the likes of Merkel, Hollande etc...

      1 · October 17, 2012

    • Francesca A.

      mp's expenses? hmmm jimmy saville hmmm those in power should be subject to the same laws as the rest of us.

      October 17, 2012

  • Francesca A.

    I think that isnt much hope of the EU ever implimenting reforms to fix all the problems. We would be better off out of the EU. Other countries not in the EU but in Europe have coped better with the recession than those in the EU because they are able to decide for themselves what economic policy is best for their country without EU diktats. Unlike us in the UK.

    October 15, 2012

  • SSK

    Although it's highly unlikely I'll make 5.30 best to get there asap def

    October 15, 2012

  • SSK

    Agreed! BTW - you are Cameron and I claim my £5 :o)

    October 15, 2012

  • SSK changed the time from 5:45 PM to 5:30 PM

    October 15, 2012

  • Mike

    I'm surprised this is not ticketed. Best arrive 5.30.

    October 15, 2012

  • SSK

    and for those of us who need it... CPD

    This event has been certified for CPD purposes by the Continuing Professional Development Certification Service. It is the responsibility of delegates to register their details with a LSE event steward at the event in order to obtain a CPD certificate of attendance.

    October 15, 2012

  • SSK

    October 15, 2012

  • SSK changed the date and time to Wednesday, November 28, 2012 at 5:45 PM

    October 15, 2012

  • SSK changed the location to Old Theatre, Old Building LSE

    October 15, 2012

  • Mike

    OK I'll start the conversation. I wish to grind the faces of the poor.

    October 15, 2012

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