Philipp Bagus is the author of The Tragedy of the Euro, joins Alasdair Macleod of the GoldMoney Foundation to discuss their views on Eurozone. They compare Eurozone with the seas that are over-exploited, and Europe where there is no enforcement of the fiscal policies and capping budget deficits. They discuss possible solutions:
- Massive cuts in government spending
- Privatisation of public assets to bolster treasury reserves
- Letting Europe to follow its course and go bankrupt