The Eurozone's Japanification: Recession, unfinished business and a changing of the guard

​The eurozone has some worrying Japan-like qualities—potential growth is weak, demographics are unfavorable and the European Central Bank has extended its foray into unconventional monetary policy to not only buy up bonds but to impose negative rates as well. With most investors and analysts convinced the worst of the euro crisis is behind us, will we look back when the next downturn hits and think “what a wasted recovery?” What does the eurozone need to avoid Japanification and put the euro crisis behind it for good, and what are the prospects for any of that happening? In answering these questions, we’ll take a look at the new leadership in Europe not only in national capitals but in Brussels at European institutions and in Frankfurt at the ECB as well.

M-RCBG Senior Fellow Megan Greene will be joined by Carsten Brzeski, The Minda de Gunzburg Center for European Studies' John F. Kennedy Memorial Policy Fellow 2019 and Chief Economist, ING Germany. https://ces.fas.harvard.edu/people/carsten-brzeski

This Study Group session is co-sponsored by The Minda de Gunzburg Center for European Studies (CES).