The Death of the Euro Zone As We Know It

Professor Charles Calomiris, a senior scholar with the Jerome A. Chazen Institute of International Business at Columbia Business School, traces how fiscal policy in some European countries and banking system flaws have pushed the euro to the brink. He outlines four scenarios for what will happen next and warns, "I think we need to get real about it." Calomiris spoke in December 2010 at "The World Economy in the Next Ten Years," a panel discussion sponsored by the Chazen Institute and moderated by David Kenner of Foreign Policy magazine.

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