Jean Pisani-Ferry: The Challenges of Europe's Monetary Union

The transcript discusses the European crisis, drawing parallels with the 1930s, and highlights the political dynamics influencing economic decisions. It examines the role of the ECB and the OMT program in addressing systemic issues, the implications of the Cyprus case, and the introduction of capital controls. The conversation also covers the progress towards a banking union and the challenges of fiscal responsibility within the Eurozone.

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