Brunnermeier: Europe’s Future Will Be Settled By a Battle of Ideas

A conflict which revolves around key economic policy differences on questions such as rules vs. discretion, solidarity vs. liability, liquidity vs. solvency and austerity vs. stimulus.

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From the collection: Future of Europe

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From the collection Future of Europe

Interviewed by Institute President Rob Johnson, Princeton Professor Markus Brunnermeier — co-author of The Euro and the Battle of Ideas — sees the fate of the embattled European union as depending on the outcome of a battle of ideas between Germany and France. A conflict which revolves around key economic policy differences on questions such as rules vs. discretion, solidarity vs. liability, liquidity vs. solvency and austerity vs. stimulus.

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