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A renewed political deal for sustainable growth within the Eurozone and the EU. An open letter to the President of the European Council. CEPS Policy Brief No. 227/December 2010

Amato, Giuliano and Baldwin, Richard and Gros, Daniel and Micossi, Stefano and Carlo Padoan, Pier. (2010) A renewed political deal for sustainable growth within the Eurozone and the EU. An open letter to the President of the European Council. CEPS Policy Brief No. 227/December 2010. [Policy Paper]

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    Abstract

    In an open letter to the President of the European Council in the run-up to the December meeting that will deliberate on new rules of economic governance, a team of expert economists from CEPS and EuropEos expresses serious doubt that the proposals under consideration are a sufficient cure for the economic plight of the European Union. They fear that they will not resolve the competitive and payment imbalances that are undermining the credibility of the budgetary consolidation programmes and the euro itself and further argue that there is an urgent need to lift the growth rate of the Union, and budgetary consolidation, as important as it is, will not suffice. This Policy Brief outlines the elements of a comprehensive economic policy initiative at the EU level capable of matching fiscal discipline with higher growth, as well as restoring a climate of cooperation between the member states.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Jan 2011
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:40
    URI: http://aei.pitt.edu/id/eprint/15460

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