Commentary
Uri Dadush
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Source: Getty
In The Media
The G20 Action Plan
Like European leaders in their summit the week before, the G20 failed to put forward concrete steps that will resolve the European debt crisis and stabilize global financial markets.
By Uri Dadush
Published on Nov 5, 2011
Source: C-SPAN'S Washington Journal
Speaking on C-SPAN’s Washington Journal, Uri Dadush discussed the G20 summit in Cannes and the ongoing European debt crisis. Dadush argued that the G20 failed to put forward concrete steps to resolve the crisis and stabilize European financial markets. “The eurozone is in greater trouble than it’s ever been,” said Dadush, because the crisis has now landed in Italy, the eurozone’s third largest economy. Though the likelihood of an immediate Italian default is low right now, political tensions could undermine those policies that are supporting Italy. If this were to happen, the world would likely be thrown into another major financial crisis.
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
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Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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