David Vines: The Failure of the Euro

The video discusses the complexities of economic governance within the European monetary union, highlighting the challenges of macroeconomic management, fiscal policy constraints, and the lack of a banking union. It compares federal models like Australia and Germany, emphasizing the need for responsible leadership and global responsibilities. The discussion also touches on the historical context of leadership shifts and the importance of learning from past world wars to ensure future growth and stability.

In what way does the speaker believe the monetary union could create opportunities for the periphery?

What does the speaker imply about the responsibilities of the South in the monetary union?

What historical context does the speaker provide regarding Germany's leadership in Europe?

What lessons does the speaker hope will be absorbed from the two world wars?