September 16, 2011
On September 13-14, the Brussels-based think tank BRUEGEL and the Peterson Institute for International Economics hosted a conference on Resolving the European Debt Crisis close to Paris. The conference assembled about four dozen policy experts and practitioners, mainly from Europe and the United States. The conference was designed to contribute to a better understanding of the implications of alternative approaches to resolving the crisis, in particular, the dynamics of interaction among various stakeholder groups as policy decisions evolve. The first day was in the format of a typical closed workshop with presentations and discussions. On the second day, a simulation game took place among the conference participants in what amounted to a stress-test for European debt policy. As the simulation unfolded, a powerful solution to fend-off speculative attacks was found.
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