David Vines: The Failure of the Euro

The video discusses the complexities of economic governance within the European monetary union, highlighting the challenges of macroeconomic management, fiscal policy constraints, and the lack of a banking union. It compares federal models like Australia and Germany, emphasizing the need for responsible leadership and global responsibilities. The discussion also touches on the historical context of leadership shifts and the importance of learning from past world wars to ensure future growth and stability.

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