Peter van Bergeijk on the state of State finances
Peter van Bergeijk, professor of International Economics and Macroeconomics, discusses the financial dangers facing the European Union and suggests remedies.
If European policy does not change, van Bergeijk fears a second 'Great Depression' as witnessed in the 1930s caused by massive budget shortages and 'exploding state debt leading to growing cut backs. He sees the current crisis in the Greek economy as a next stage in economic disaster.
Read the full article online on the PM website. It is only available in Dutch.
