Juggling Dynamite

Danielle was a guest today on This Week in Money discussing this week’s developments in the Euro zone and the global economy.  You can listen to a clip of the segment here by advancing the play to 15:19.

Harvard University economist Kenneth Rogoff talks about the agreement reached by European leaders to try to resolve the debt crisis, the future of the euro region and the outlook for the U.S. economy.  He says that the crisis in Europe is the biggest risk to the US economy and expecting austerity plans that put the weaker countries into multi-year recessions in order to pay back their debts is an unrealistic plan.  To those who say the solutions are just to cut taxes and allow each country to grow its way out of their debt, Rogoff says there is just no historical precedent where this has ever worked.  The solutions always require debt write downs, investment in lasting infrastructure and higher taxes.  Watch the video here.

Danielle spoke to Phil Mackesy of Talk Digital Network today discussing recent developments in the global economy and world markets. You can listen to the audio clip here.