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Lessons from Latin America: An Education for the EU
Tuesday, December 07, 2010
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Protesters hold a placard depicting Irish Prime Minister Brian Cowen (L) and Minister for Finance, Brian Lenihan (R) as they march pass the General Post Office in Dublin, Ireland, on November 27, 2010 (PETER MUHLY/AFP/Getty)
With the European Union in the midst of a severe debt crisis, foreign ministers of the eurozone are meeting this week to discuss remedies for their financial troubles. Latin America went through a difficult debt crisis of their own back in the 1980s, which is often referred to as the "Lost Decade." What lessons can Europe learn from Latin America to help prevent their own lost decade?
There's a wide range of social policy within the EU ... It wouldn't be right to say that social programs are simply the root cause of European problems at the moment.
Harold James
We speak with Arno Tausch, assistant professor of political science at Innsbruck University in Austria, and guest professor of economics at Corvinus University, in Budapest. And Harold James, professor of international affairs in the Woodrow Wilson School at Princeton University.
EARLIER: How to Save Ireland: Bailout, or a Haircut for Lenders?
GUESTS: Harold James and Arno Tausch
PRODUCED BY: David J Fazekas
TAGS: crisis debt crisis economics europe international​latin america
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