In the first part of the lecture Paul de Grauwe develops the argument for a budgetary and political union in the Eurozone and makes clear what this means. In the second part, he discusses the minimum changes that are necessary to make the Eurozone sustainable in the long run.
Professor Paul de Grauwe is John Paulson Chair in European Political Economy at the LSE European Institute.
Dr Vassilis Monastiriotis is Associate Professor of Political Economy at the LSE European Institute.
The LSE European Institute (@LSEEI) is a centre for research and graduate teaching on the processes of integration and fragmentation within Europe. In the most recent national Research Excellence Framework (REF 2014) the Institute was ranked first for research in its sector.