April 15, 2015 The 2015 Leaders in Global Economic Governance Lecture featured an address by Wolfgang Schäuble, Germany's Federal Minister of Finance, titled Europe: The Current Situation and the Way Forward. The address was followed by a panel discussion and question and answer session with the audience. Since the 1970s expansionary, debt-financed fiscal policies have been the rule in industrial societies, not the exception. They have enjoyed only moderate success. Is there an alternative to the repetitive cycles of credit booms followed by busts that we have seen in recent decades? Which policies does Europe’s model of “Sustainable Growth” imply? Are fiscal consolidation and structural reforms trade-offs or complements? Can Europe return to growth? Minister Schäuble will argue that it already has, and that Europe’s policies are sound overall. Watch the full video: youtu.be/qn-s4UrnvAY

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