Greenspan: Eurozone a Vulnerable Institution Right Now

The video discusses the UK's decision to leave the EU, suggesting it marks a peak in globalization. It explores the potential for another Scottish referendum and the implications for the EU. The Eurozone's vulnerabilities are highlighted, particularly the lack of a backup for the ECB and the challenges posed by Greece. The discussion extends to the potential need for other countries like Portugal and Italy to leave the Eurozone to maintain economic stability.

What does the decision by voters in the UK signify about globalization?

How might the situation in Scotland influence other European countries?

What challenges does the eurozone currently face according to the text?

What are the potential consequences if the euro ceases to be a hard currency?

What actions does the speaker suggest should have been taken regarding Greece?