More Productivity, Less Austerity Will Save Europe
Editorial, The Washington Post | October 26, 2011
The lack of a common fiscal policy is what allowed the Eurozone debacle to occur. ++ Europe has at the same time experienced extremely low levels of growth compared to the US and emerging markets, forcing it to accrue debt to prevent living standards from deteriorating. ++ Germany's austerity plan will do little to stimulate growth in Southern Europe. ++ Europe requires wide-reaching structural reforms, including increasing the retirement age and getting rid of protectionist policies, to give productivity a much-needed boost.



Wed, Oct 26th 2011, 11:10
Eva Maria Krockow, GIZ, Ghana, Platinum Contributor (209)