Eichengreen: Greece’s Original Program Targets Are Unattainable

(Before It's News)

from Boom Bust

Government bonds across the Eurozone climbed to record levels on Thursday. Borrowing costs tumbled as investors started piling into bonds before the European Central Bank starts its bond-buying bonanza in March. Under the ECB’s quantitative easing program, 68 billion euro worth of debt securities will be purchased each month until September 2016. Many analysts believe that the ECB will struggle to find all the government bonds it needs, especially top-rated government bonds like those belonging to Germany. Erin weighs in.

Then, Erin is joined by Barry Eichengreen – professor of economics and political science at UC Berkeley and professor of American history and institutions at the University of Cambridge. Barry tells us that, if since 1974, only three countries in the world have run primary surpluses of five percent for a full decade, Greece has zero chance of being another one of them. He calls the Troika’s projections for Greece wholly unattainable. But Professor Eichengreen also gives us his take on whether Greece can attain a good economy through a growth agenda and outlines the big risks for Greece and the Eurozone as a whole going forward.

After the break, Erin sits down with RT correspondent Lindsay France to discuss the upcoming Mobile World Congress and the possibility of never having to deal with roaming charges again! Afterwards, Boom Bust producer Bianca Facchinei takes a look at what initially caused the growing cost of college and the effects we’ve seen from it so far.

And in The Big Deal, Erin and Edward Harrison talk about rent prices, student debt, unemployment and more. They hone in on one particular micro-apartment in New York City as emblematic of several interesting trends hitting millennials simultaneously. Take a look!

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