Jean-Claude Trichet Says U.S., Europe Growing 'Miserably'

The video discusses productivity challenges in advanced economies, particularly in the US and UK, noting a lack of growth despite technological advancements. It references the Solow paradox, where productivity gains from technology investments were delayed. The conversation shifts to the euro's significance in Europe, highlighting its resilience during the 2010 crisis and the continued support from countries like Germany and Greece. The need for structural reforms in the European Union is emphasized.

Discuss the implications of science and technology on total factor productivity.

What structural reforms are deemed necessary for the future of the euro?