This roundtable discussion was focused on how the eurozone countries, particularly Spain, are responding to the crisis and the proposed banking union. The event was part of a project about European Economic Governance carried out by Chatham House, AREL (Agenzia di Ricerche e Legislazione) and the Elcano Royal Institute. It aims to advance the debate on European economic governance and suggest a constructive framework for strengthening it.


Stephen Pickford, Chatham House Senior Research Fellow of International Economics, talks about the state of the world economy, the euro crisis and the process of economic adjustment in southern Europe