Searching for a Way Out of Europe’s Dead-end Austerity

The unemployment rate in the eurozone hit a record 11.6% in September — up from 11.5% a month earlier — it was announced Wednesday. Last week, it was Spain hitting a record 25% jobless rate. There is increasing agreement by economic observers that austerity is failing badly as a remedy for the region’s economic problems, but governments can’t seem to agree on an alternative, says Wharton management professor Mauro Guillen. He suggests possible solutions in this Knowledge@Wharton interview.

Professor Guillen offers additional thoughts about austerity and the chances for a bailout of Spain in this video: Spain Sputters as a Bail-out Moves Closer.

He discusses the risks involved in a possible secession from Spain in Catalonia’s Risky Gamble. 

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Searching for a Way Out of Europe’s Dead-end Austerity. Knowledge@Wharton (2012, November 01). Retrieved from http://knowledge.wharton.upenn.edu/article/searching-for-a-way-out-of-europes-dead-end-austerity/

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