Eurozone woes result from mating of our “dysfunctional” political, economic systems: Interview with Richard Wolff
European leaders are preparing to unveil their plans for addressing the sovereign debt crisis that’s threatened to tear apart the eurozone. Both France and Germany are expected to push for changes to the eurozone treaty, including centralized oversight of national budgets and tighter reins on debt. In a speech on Thursday, French President Nicolas Sarkozy said radical changes are needed in order to save the euro. Sarkozy’s address came after central banks, including the U.S. Federal Reserve and European Central Bank, took coordinated action to prevent a credit crunch among European banks. For more on the developing crisis in Europe and its implications worldwide, we are joined by economist and professor Richard Wolff.


