Crisis in the Eurozone: Germany and the PIGS

September 30, 2011

Christine Sauer, Professor of Economics and Director of the International Studies Institute at the University of New Mexico. A native of Germany, she received her undergraduate training at the University of Kiel

Fear of contagion from the 18-month old Greek debt crisis grips other Eurozone countries with high fiscal deficits, large public debts and/or weak banks.  Financial markets are on edge.  Public discontent is at an all-time high.  How did we get here?  Is the Eurozone doomed? What should Germany’s role be?  And who are the PIGS? (more…)