Saving the Eurozone: Is a 'Real' Marshall Plan the Answer?
Professor Nicholas Crafts, Director, ESRC Research Centre, CAGE; and Centre for Economic Policy Research
Chair: André Astrow, Senior Consultant
Professor Nicholas Crafts will discuss a forthcoming Chatham House-CAGE paper which considers the notion of a 'real' Marshall Plan to save the eurozone. The main role of a new Marshall Plan would be to promote supply-side reforms that raise productivity growth, as was the case with the original Marshall Plan in the 1950s. The speaker will say that the rationale for a new Marshall Plan would be both to reduce the chances of a chaotic break-up of the eurozone and to allow more time to prepare for this eventuality, while at the same time working to improve the medium-term economic performance of the euro periphery.
The speaker's paper will be available to read online shortly.
Attendance at this event is by invitation only.