AUDIO

The global economic crisis has prompted much talk that the U.S. dollar is likely to lose its dominant position as the world's reserve currency. Panelists at this seminar will discuss whether the euro can really challenge the dollar's preeminent role. They will review the euro's achievements in the ten years since its launch in 1999 and will examine the prospects for the further expansion of the eurozone into Eastern Europe in the light of the fallout of the financial and economic crisis in that region. Speaking on the panels will be Jeffrey J. Anderson, a professor and director of the BMW Center for German and European Studies at Georgetown University; Luc D. Everaert, assistant director in the International Monetary Fund’s European Department; Stuart P. M. Mackintosh, executive director of the Group of Thirty; and David Marsh, the chairman of the London and Oxford Group and the author of The Euro: The Politics of the New Global Currency (Yale University Press, 2009). AEI's Desmond Lachman will moderate.