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Europe's misguided search for growth. CEPS Commentary, 7 May 2012

Gros, Daniel. (2012) Europe's misguided search for growth. CEPS Commentary, 7 May 2012. [Policy Paper]

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    Abstract

    The urge to be seen to be ‘doing something’ is leading Europe’s policy-makers to rely on the few instruments with which the EU can claim to foster growth. But, as Daniel Gros points out in this Commentary, they should recognise that today’s growth crisis is quite different than it has been in the past. In his view, the real bargain should not be austerity plus a Marshall Plan for the south, but rather continued austerity plus labour-market reforms in the south, combined with more infrastructure investment in Germany and other AAA-rated countries like the Netherlands.

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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/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 May 2012 12:43
    Number of Pages: 2
    Last Modified: 08 May 2012 12:43
    URI: http://aei.pitt.edu/id/eprint/34868

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