European Economy & Financial Future: An American View: by Professor Lawrence H. Summers

Lecture was hosted by The American Academy in Berlin. Some talking points include;

  • German Centrality to Europe
  • Recent Financial Crisis in Europe as Compared to 1920 where a similar technological boom occurred (demonstrating importance of achieving both Economic growth + Financial Management/balanced income distribution)
  • Reflection on European Single Market & Monetary Union
  • Daniel Ellsberg (Pentagon Papers) -Essay (The Stalemate Myth and the Quagmire Machine) in Reflecting Policy Choices during Eurozone crisis
  • Mistake to confusing current 1 off events (low price of oil & low euro exchange rate) with the achievement of ongoing growth plan
  • Importance of Infrastructure Investment & Structural reform (one that benefits global economic growth)
  • Viability of Germany’s current large trade surplus with many European countries in achieving satisfactory growth in Europe.

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