Eurozone Deadlock – Finding a Path Out of the Crisis

It is still possible to find a way out of the Eurozone crisis if policy-makers address two problems: dealing with the legacy costs of the initially flawed design of the Eurozone, and fixing the design itself.

Luis Garicano is professor and head of the Managerial Economics and Strategy Group in the LSE’s Department of Management.

Francesco Caselli is Norman Sosnow chair in economics at LSE. Wouter Denhaan is professor of economics.

Paul de Grauwe is John Paulson chair in European Political Economy and head of European Institute. John Van Reenen is professor of economics and director of CEP.