# Prof. Michael Spence on Europe's debt crisis and high unemployment levels

1 Faculty News November 6, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/video/haass-u-s-education-is-failing-VIzu_fMYQ0qKVPlhjGffyQ.html) -- "The absolute best thing that we can do for Europe is to engineer our own economic recovery as fast as we can."

[Watch the video](http://www.bloomberg.com/video/haass-u-s-education-is-failing-VIzu_fMYQ0qKVPlhjGffyQ.html)