In the first Inside the Issues of 2012, we return to the topic of debt and global financial instability. This week's guest is CIGI Senior Fellow Pierre Siklos, who outlines the original causes of unsustainable sovereign debt loads and explains why they have plagued the global economy over the past year. He goes on to say that financial stability mechanisms in the European Union were too weak to enforce the macroeconomic conditions necessary for a common currency, and that poor supervision and regulation has led to the current contagion across the euro zone.

Program
Now in its second season, the Inside the Issues weekly podcast series will run from October 2011 to April 2012, covering timely and candid discussions on issues related to the core areas of CIGI expertise: Global Economy, Global Security & Politics, and International Law. Join host and CIGI Chair David Welch as he goes in depth with leading experts on the most pressing global governance challenges facing the international community today.
The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.