Papadimitriou on Cross Talk
Everyone from Amity Shlaes to Mitt Romney and the European Commission has been telling us lately that slashing government spending under current economic conditions will depress growth. On “Cross Talk” Dimitri Papadimitriou debates the merits (or lack thereof) of austerity and explains why the United States of Europe needs to become more like the United States of America:
At the end of the last exchange, when Fragkiskos Filippaios asks, with respect to the idea of a common fiscal policy for Europe, “who’s going to be responsible for that?” you can hear Papadimitriou’s reply: the European Parliament. For more on his views about how to complete the incomplete Union in Europe, see Papadimitriou’s latest policy brief, “Fiddling in Euroland.”
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