In the U.S., there is a widespread impression that the German government's approach to tackling the Euro and Greek crises is "austerity only." U.S. officials and academics instead campaign for more investment and less financial rigidity. In Germany, however, there is the impression that the U.S. approach fails to understand the fundamental problems that led to the Greek crisis. According to this narrative, the situation (especially in Greece, but also in the Eurozone as a whole) is far too complex and multi-layered for simplistic Keynesian methods to be applied. This presentation will present the German government's approach to tackling the crises, describe the main conflicts within the governing coalition and discuss the next steps proposed by the EU Commission and the German government.
This event is made possible by the CES John F. Kennedy Memorial Fellowship.