Blanchard Says EU on Bumpy Road to Unified Fiscal Plan

The video discusses the potential for reflation in the economy led by Jerome Powell, the impact of low interest rates, and the state of public debt and bond markets. It explores the challenges faced by small and medium-sized firms due to increased debt and proposes a simpler debt restructuring process. The discussion also covers the potential for a unified fiscal effort in Europe, highlighting the importance of mutualization and transfers.

What is the speaker's perspective on the role of central banks in managing the economy?

How might the restructuring of debt impact both debtors and creditors?

Discuss the potential effects of mutualization and transfers in the context of European fiscal policy.