Bill Mitchell – The Eurozone and its Current Political and Economic Crisis

Economics beyond the Swabian hausfrau, July 14, 2020

The Eurozone was the product of a long struggle by neoliberals to reconfigure European states in order to redistribute income away from workers. Now the Union finds itself in its second major crisis within a decade. Not only has it entered a major recession, but Britain, one of the largest EU economies, is threatening with a hard Brexit. There is neither political nor economic unity within the EU, which is being glossed over by mainstream media. Bill Mitchell analyses the current crisis, its impact, and what lies in store for EU citizens.

Professor William Mitchell is Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle. He is also Docent Professor in Global Political Economy, University of Helsinki. He is one of the founders of Modern Monetary Theory (MMT). His research focuses on Modern Monetary Theory (MMT), labour market dynamics, Framing and language, European integration, and Development economics.

Moderation: Mathew D. Rose (Brave New Europe)

For the German version go here

1 Comment

  1. Very interesting presentation. In fact I mostly agree with the points of view of Mr. Mitchell, but, to me, the most useful discovery today is that the EU has no real rules… that explains a lot of things.

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