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To restructure or not? Managing the euro area debt crisis

Macroeconomics in Europe

Date: Sep 24 - Topic: Macroeconomic policy

Will debt restructuring save Europe from economic stagnation?

William R. Cline’s new book, Managing the euro area debt crisis, addresses this question. The author – a Senior Fellow at the Peterson Institute of International Economics – traces the history of the recession and makes projections of future debt sustainability. The book offers a detailed analysis of the mistakes, successes and options for Europe as it struggles to overcome its worst economic disaster since World War II.

At Bruegel’s Talk Cline will present his findings and engage in a discussion with the audience. To attend, please register through the online form below. We look forward to welcoming you on the 24th September at 12:45pm. Lunch will be provided.

Speakers

  • William R. Cline, Senior Fellow at the Peterson Institute for International Economics
  • Discussant: Zsolt Darvas, Senior Fellow at Bruegel
  • Chair: Guntram Wolff, Director of Bruegel

About the speakers

William R. Cline has been a senior fellow at the Peterson Institute for International Economics since 1981. During 1996–2001 while on leave from the Institute, Dr. Cline was deputy managing director and chief economist of the Institute of International Finance (IIF) in Washington, DC. From 2002 through 2011 he held a joint appointment with the Peterson Institute and the Center for Global Development, where he is currently senior fellow emeritus. Before joining the Peterson Institute, he was senior fellow, the Brookings Institution (1973–81); deputy director of development and trade research, office of the assistant secretary for international affairs, US Treasury Department (1971–73); Ford Foundation visiting professor in Brazil (1970–71); and lecturer and assistant professor of economics at Princeton University (1967–70). He graduated summa cum laude from Princeton University in 1963, and received his MA (1964) and PhD (1969) in economics from Yale University.  He is the author of 25 books, including Managing the Euro Area Debt Crisis (2014); Financial Globalization, Economic Growth, and the Crisis of 2007-09 (2010); The United States as a Debtor Nation (2005); Trade Policy and Global Poverty (2004); International Debt Reexamined (1995); and The Economics of Global Warming (1992).

Zsolt Darvas, a Hungarian citizen, joined Bruegel as a Visiting Fellow in September 2008 and continued his work at Bruegel as a Research Fellow from January 2009, before being appointed Senior Fellow from September 2013. He is also Research Fellow at the Institute of Economics of the Hungarian Academy of Sciences and Associate Professor at the Corvinus University of Budapest.

From 2005 to 2008, he was the Research Advisor of the Argenta Financial Research Group in Budapest. Before that, he worked at the research unit of the Central Bank of Hungary (1994-2005) where he served as Deputy Head.

Zsolt holds a Ph.D. in Economics from Corvinus University of Budapest where he teaches courses in Econometrics and but also in other institutions since 1994. His research interests include macroeconomics, international economics, central banking and time series analysis.

Practical details

  • Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
  • Time: Wednesday, 24 September 2014, 12:45-14.30. A light lunch will be served from 12:45 to 13:00.
  • Contact: Matilda Sevón, Events Manager – [email protected]
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