Can the Eurozone crisis be solved? (19 Feb 2013) by UCL Sound published on 2013-02-26T15:36:52Z Lunch Hour Lectures - Spring 2013 Prof Wendy Carlin, UCL Economics There was plenty of scepticism among economists about the likely success of a common currency in Europe. The immediate problem is that peripheral countries have seen their public sectors incur large deficits and incautious private sectors incur large debts. In addition, wages in the Southern economies have grown more rapidly, and productivity more slowly, than in the North. This lecture sets out the risks this poses to full political union and explore whether there is a solution. UCL is consistently ranked as one of the world's top universities. Across all disciplines our faculties are known for their research-intensive approaches, academic excellence and engagement with global challenges. This is the basis of our world-renowned degree programmes. Visit us at ucl.ac.uk.