Europe's economy, the world's largest, is in the midst of economic turmoil. A growing debt crisis has already forced the resignations of Greek Prime Minister George Papandreou as well as Italian Premier Silvio Berlusconi. And forecasts from the European Union suggest the 17-nation Eurozone could be facing possible recession next year. Some analysts are considering the possible collapse of the Eurozone. The Institute for Policy Studies recently published an article titled "Is Europe Over?"
Italy and Greece, two European countries mired in debt, are pinning their hopes on technocrats. It got us wondering, what exactly is a technocrat? For some answers, we first turned to former technocrat Ricardo Hausmann. He's an economist by trade and currently teaches at Harvard. But for a brief moment, starting in 1992...
RICARDO HAUSMANN: I was a, yeah, I was a minister of planning in the government of Venezuela.
WERTHEIMER: Hausmann left the post the following year. Politics, he says, has never been his calling.
It's a politics-filled Saturday as Republicans hold a presidential candidate forum and the Democrats have their Jefferson-Jackson Dinner in Des Moines, Iowa. This year's dinner features Chicago Mayor Rahm Emanuel as the keynote speaker; four years ago the dinner launched then-Sen. Barack Obama's presidential candidacy into high gear. Guest host Linda Wertheimer talks with NPR's Don Gonyea about the events.
The bipartisan supercommittee enters the final weekend prior to its Nov. 23 deadline with little tangible progress to show for over two months of work. NPR's Andrea Seabrook tells guest host Linda Wertheimer that several of its members are huddling in Washington this weekend, trying to come up with a way to reduce the government's budget deficit.