Why is the Euro in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. Markus Brunnermeier and Harold James argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, and how these seemingly incompatible differences can be reconciled to ensure Europe's survival.

Markus K. Brunnermeier (@MarkusEconomist) is the Edwards S. Sanford Professor of Economics at Princeton University and Director of Princeton's Bendheim Center of Finance.

Harold James is Professor of History and International Affairs at Princeton University.

Ricardo Reis is Professor of Economics at Columbia University, Senior George Fellow at the Bank of England and A W Phillips Professor of Economics at LSE.

The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.   

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