How to fix the Eurozone: Christiaan van der Kwaak on banks, bailouts, and the European Union

Since the financial crisis in 2008, the notion of a "bail out" has become something of a household term. But what about a bail in? Assistant professor Christiaan van der Kwaak researches the Eurozone, the 19 EU states that use the euro, and he says that there are still some fundamental flaws in the system feeding calls for exiting the union. Something has to give: either more nations will attempt to follow the UK's lead and walk away from the EU, or reforms will have to be put in place to salvage the system. Van Der Kwaak says that a common EU budget could offer a way out of the current prisoner's dilemma, but to what extent is the Dutch government prepared to get behind that idea?

You can listen to How to fix the Eurozone: Christiaan van der Kwaak on banks, bailouts, and the European Union online on Radio and Podcast. Open the player on this page to stream the available audio.

How to fix the Eurozone: Christiaan van der Kwaak on banks, bailouts, and the European Union is an episode from Econ 050 by Naomi O'Leary.

This episode is 36:58 long.

This episode was published on Dec 20, 2019.

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