6: We need smart fiscal discipline – not saints and sinners

Charles Wyplosz interviewed by Viv Davies, 08 December 2011Charles Wyplosz talks to Viv Davies about the Eurozone crisis and the current summit. Wyplosz suggests that the political leaders should agree a decentralised fiscal discipline for the Eurozone countries, allow the ECB to play a more effective role and that there should be a moratorium on EU summits. He also dismisses the recent suggestion that the crisis is about balance-of-payments issues. The interview was recorded in London on 8 December 2011.