Recorded at WorldAffairs 2012, the World Affairs Council’s annual conference designed for global citizens seeking deeper insight, understanding and context surrounding critical issues of our day. Some of the questions addressed in this session include: What has been the effect of the current austerity measures in stabilizing the European economies? What impact will the debt crisis have on European cohesion? What are the implications of a large-scale recession in Europe for the global economic landscape? Two distinguished speakers will address these issues: Megan Greene, Head of European Economics at Roubini Global Economics; and Jacob Funk Kirkegaard, Senior Research Fellow at the Peterson Institute for International Economics.