Keith Savard
Showing 1–2 of 2 transcripts.
- Milken Institute56 min
Repairing Finance and Restoring Growth in Europe
Howard Schneidermann, Christine Van Den Buckel, Christian Hangenmeier, Keith Savard, Michael Tenenbaum
A comprehensive assessment identifies structural stagnation in France and Italy, banking-sector bottlenecks for SMEs, and a funding gap in Germany as critical threats to the European economy amid rising euro-skepticism and a protracted Ukraine conflict. While the European Central Bank hesitates to aggressively cut rates or engage in quantitative easing due to domestic political constraints, speakers advocate for urgent public-sector downsizing, tax compliance reforms, and the revival of securitization markets to stimulate growth. The discussion concludes that without external leverage to compel structural changes in core economies or a controlled banking union, the stability of the EU project faces increasing pressure from internal fractures and divergent policy paths.
- Milken Institute1h 2m
Plotting a Course for Post-Crisis Europe
Paul Coulson, Karl-Theodor zu Guttenberg, Erik Nielsen, Keith Savard, Josef Stadler, Anatole Kaletsky
Europe currently serves as the primary constraint on global economic recovery, characterized by stagnation in major nations like France and Italy while the US enjoys stronger growth indicators. Political developments, particularly in Italy, alongside deep structural disparities in energy costs and banking fragmentation, have intensified pressure for a unified fiscal and monetary response within the Eurozone. While market participants anticipate eventual alignment with US and Japanese monetary strategies to stabilize the currency, the long-term viability of the bloc hinges on overcoming political resistance to debt mutualization and implementing urgent labor reforms in key economies.