IIRPS VU invites you to a lecture by former Deputy Prime Minister, Minister of Finance, President of the Central Bank prof. Leszek Balcerowicz on “Euro: Imbalances and Adjustment in Comparative Perspective”.
The talk will start with what prof. Balcerowicz perceives to be a confusion in the debate on euro. He will talk about a large variation in the growth performance in the eurozone (and more broadly in the EU). This should make us skeptical when hearing about the crisis of the euro, or of Europe. He then will discuss what are the problems the problem countries in the eurozone suffer from, also, what would be the links between the euro architecture and accumulation of these problems; i.e. the imbalances and structural barriers to economic growth in some members of the eurozone, the adjustment under the euro after 2008, focusing on the weaknesses of the policies of the crisis management. The talk will conclude with the critical discussion of the problems and solutions put forward in the debate on the euro.