Handle with care! Post-crisis growth in the EU. Bruegel Policy brief 2009/02, April 2009

Pisani-Ferry, Jean and van Pottelsberghe, Bruno. (2009) Handle with care! Post-crisis growth in the EU. Bruegel Policy brief 2009/02, April 2009 .

Abstract

In this new Bruegel policy brief, Jean Pisani-Ferry and Bruno van Pottelsberghe show that although the crisis originated in the US, Europe’s outlook has deteriorated faster and more sharply leading to the worst crisis observed during the post-war era. However, the length of the crisis matters at least as much at its depth, and policymakers should not overlook the medium term consequences of their actions.