Posen: Eurozone Will Grow Slowly Next Few Years

by John Ydstie, NPR

A Bank of England policymaker says the efforts by European countries to rein in ballooning government debt levels will slow growth in the Euro-zone. But Adam Posen says it will not likely have a big effect on U.S. growth in the coming year. The crisis poses the biggest threat to the euro currency since it's birth 11 years ago, but Posen says its demise is very unlikely.

Broadcast Dates

• Morning Edition, May 18, 2010