Published on Feb 9, 2016
February 1, 2016, Munich, Germany
“Lord Adair Turner, former chairman of the British Financial Market Authority, explained in his lecture “Debt, Demand, and Discipline” why growth may make unsustainable public and private debt in the world alone. He argues that we can without radical reforms, including the restructuring of debt and the monetization of government debt, choose between low growth or the damaging consequences ultra low interest rates. Lord Turner goes in his presentation also on his opinion, necessary reforms in the euro area.”
http://www.cesifo-group.de/de/ifoHome…
http://mediathek.cesifo-group.de/iptv…
