De Grauwe: Growth and Inflation the Way Out for Europe

The video discusses two main economic strategies for dealing with debt: defaulting or fostering growth and inflation. It highlights the risks associated with long-duration financial papers and examines the consequences of a country defaulting, using Argentina as an example. The speaker argues that growth and inflation are the most effective solutions for the eurozone's debt issues, as defaulting can lead to political instability and new problems.

What historical approach does the speaker believe has been tested to work for economic recovery?

How does the speaker view the relationship between growth and inflation?