Causes of the euro crisis – Prof Leszek Balcerowicz

The former governor of the central bank of Poland Professor Leszek Balcerowicz has been critical of those who blame the euro itself for all of the problems currently faced by Eurozone economies. ieaTV caught up with him at our annual State of the Economy conference to discuss what he sees as the major challenges and policy solutions for Eurozone countries. In particular, he outlined the underlying weaknesses of countries caused by overspending and microeconomic distortions, such as inflexible labour markets