Publication
7 May 2012
In this article, the author discusses Europe’s search for growth. He argues that the shift of the eurozone’s attention from stabilizing financial markets to growth actually refers to a recurring pattern in European politics: austerity is proclaimed and defended as the pre-condition for growth, but then, when a recession bites, growth becomes the pre-condition for continued austerity. Taking into account past experiences, the author contends that Europe can do little to create growth.
Download |
English (PDF, 2 pages, 472 KB) |
---|---|
Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |