Boom Bust Season 2 Episode 89 The Euros Deep Dive

Boom Bust season 2 episode 89, titled "The Euros Deep Dive," delves into the European Union's economic outlook and the impact of the COVID-19 pandemic on the region's finances. The episode takes a broad analysis of the Eurozone, highlighting factors that will determine the fate of the region's economy in the long run.

Hosts Christy Ai and Brent Jabbour take on this topic with special guests Dr. Richard Wolff, an American economist known for his Marxist views, and Steven Hill, a political analyst and author of "Europe's Promise: Why the European Way is the Best Hope in an Insecure Age." Together, they explore the ongoing crisis in the European Union and the challenges it faces in the current global economic landscape.

In the episode, Ai and Jabbour discuss how European economies were already struggling even before the pandemic hit. However, the pandemic has worsened the economic conditions and triggered a recession, which has affected different countries in the EU differently. The hosts also debate the role of the European Central Bank and its policies in mitigating the economic downturn.

The guests offer their own perspectives on the ongoing crisis and the future of the European Union. Dr. Wolff argues that the EU's structural flaws and the lack of democratic accountability are the root causes of its economic problems. Hill, on the other hand, takes a more positive view of the EU, advocating for closer integration between member states and greater democratic participation within the EU institutions.

The discussion also touches on the fate of the European Union as a global economic power in an increasingly competitive international context. The hosts and guests explore the rise of China as a rival superpower and the European Union's response to this challenge. They also discuss the role of the United States in the global economy and the economic policies of the Trump administration.

Throughout the episode, the hosts and guests provide a detailed analysis of European economic policies and their impact on the global economy. They discuss potential solutions to the ongoing crisis, including fiscal stimulus, debt restructuring, and more integration between member states. They also explore the political implications of these economic policies and how they are shaping the future of the European Union.

Overall, "The Euros Deep Dive" provides an insightful and comprehensive analysis of the current state of the European economy and the challenges it faces in the long run. The episode is recommended for anyone interested in global economics, politics, and the future of the European Union.