‘Dismantle the Euro to Save Europe’ Feat. Tuomas Malinen

<p><span style="font-weight: 400;">The European Union and the euro are part of the most ambitious political and economic experiment of the 21st century. The COVID-19 crisis, however, has exacerbated growing questions of political will and political legitimacy and led some to wonder if the eurozone can survive. </span></p> <p><span style="font-weight: 400;">Tuomas Malinen is the CEO of GnS Economics, a macroeconomic advisory firm, and Adj. Professor of Economics at the University of Helsinki. In this interview, he and NLW discuss:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the European debt crisis was actually a “morally corrupt bank recapitalization project”</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why negative interest rates and quantitative easing made the European banking sector particularly weak even before the pandemic </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the German Constitutional Court’s battle with the European Central Bank has major implications for the entire euro system</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why European leaders are pushing for deeper integration when citizens want more lightweight integration</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why European nations would be more likely to support one another in bilateral arrangements rather than through forced solidarity </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the only way to save the European Union might be to let the euro fade away </span></li> </ul>