The enormous European debt crisis poses a major threat to the fragile global recovery.
Monday, 30. January 2012, 18:15 – 20:00 h
At the University of Zurich, Rämistrasse 71, 8006 Zurich, KOL-G-201 (Aula)
The enormous European debt crisis poses a major threat to the fragile global upturn: What happens in Europe today could spill over into America tomorrow. For example, while nobody was worried about Italy's huge debt just a few months ago, panic suddenly set in and Italy's borrowing costs exploded. As the USA prints its own money - which is not the case in Italy - it can either inflate or deflate its debt. From a foreign investor's perspective, this does not inspire much confidence and there may be a desire for compensation in the form of higher shares for the risk borne.
Niall Ferguson is one of the best known and most respected historians of our time. He was a professor of history at Harvard University and has taught at Oxford University, Stanford University, and the London School of Economics and Political Science, among others. He is considered a specialist in financial, economic, and European history. His book on World War I published by DVA ("The Wrong War") was a great international success.