A special World Anti-Crisis Conference was the centre piece of this year’s Astana Economic Forum.
The idea was to provide a platform for addressing what is widely perceived to be a faltering global financial system.
Perhaps unsurprisingly, Europe was the focus given recent banking disasters, soaring youth unemployment, and the prevailing sense of economic uncertainty throughout the eurozone.
Euronews asked some of the assembled world ...
more A special World Anti-Crisis Conference was the centre piece of this year’s Astana Economic Forum.
The idea was to provide a platform for addressing what is widely perceived to be a faltering global financial system.
Perhaps unsurprisingly, Europe was the focus given recent banking disasters, soaring youth unemployment, and the prevailing sense of economic uncertainty throughout the eurozone.
Euronews asked some of the assembled world leaders, economic commentators and business experts how we came to be in this state. We also wanted to know what were their solutions for getting the global, and European, economy back on track.
Former Italian Prime Minister Romano Prodi said he believes Europe’s staggering “lack of common policy” was the most crippling factor in bringing the continent to its knees.
“In Europe now, because of this losing mentality, there is the idea that all the world is in crisis. But in reality, the world as a whole has never been so well. Asia is growing, Africa also – starting from zero, of course, but it is still growing…the United States from two to three percent. Only Europe is suffering. When you have zero growth, a horrible rate of unemployment, even more so if we look at youth unemployment, then you have to put some fuel into the economy,” Prodi said.
For Nobel Prize-winning professor Christopher Pissarides, the mistake was rushing into a single currency before creating the necessary institutional mechanisms that would ensure its
less 
