Nicolas Berggruen talks about, California, The EU and his idea for a more effective G20 summit.
SUBSCRIBE for more speakers ► is.gd/OxfordUnion
Facebook @ theoxfordunion
Twitter @ / oxfordunion
Oxford Union Website @ www.oxford-union.org/
He talks about California and explains that it is a leader in technology, media and agriculture. Even though the state has these things it faces an uncertain future due to financial issues and large unemployment, more than 10%, which is high by US standards. The governor of California needs at least 2 thirds of the majority of the legislation to get anything meaningful done. California has great difficulty in reforming itself due to the governmental system.
He goes on to talk about Europe saying that even though Europe has a single currency it doesn't have a financing and fiscal regime that's common to all the countries that use the euro because of lack of central power.
He finishes by outlining how the G20 currently works and explains his idea for a more efficient and effective annual G20 meeting.
Filmed on Monday 5th November 2012
ABOUT NICOLAS BERGGRUEN:
Nicolas Berggruen is an investor and philanthropist. A dual American and German citizen, he is the founder and president of Berggruen Holdings, a private investment company and the Nicolas Berggruen Institute on Governance, a think tank that works on addressing governance issues. His father created the Museum Berggruen in Berlin. The press has sometimes referred to Berggruen as "the homeless billionaire" because he lives in hotels and does not own a home.
ABOUT THE OXFORD UNION SOCIETY:
The Union is the world's most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. It has been established for 189 years, aiming to promote debate and discussion not just in Oxford University, but across the globe.