Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Stepping up growth policies. CEPS Policy Brief No. 265, March 1st 2012

Micossi, Stefano. (2012) Stepping up growth policies. CEPS Policy Brief No. 265, March 1st 2012. [Policy Paper]

[img]
Preview
PDF - Published Version
Download (125Kb) | Preview

    Abstract

    The eurozone is in recession and will show negative growth in 2012, notes Stefano Micossi in this new CEPS Policy Brief. Hopes that fiscal consolidation could spur growth by improving household and business confidence are not materialising, because in reality, domestic demand has been hit too hard by fiscal consolidation, and investment throughout the Union remains well below pre-crisis levels. The author calls upon the European Council to consider launching a new growth initiative, centered on mobilising vast resources at EU level for investment in worthy projects of common interest Europe-wide. The key goal is to make sure that there is light at the end of the tunnel, lest at some stage the unbearable social and political costs of adjustment lead to a breakdown of domestic political systems and disorderly default.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 02 Mar 2012 09:28
    Number of Pages: 4
    Last Modified: 02 Mar 2012 09:28
    URI: http://aei.pitt.edu/id/eprint/33805

    Actions (login required)

    View Item

    Document Downloads