Sustainable growth for Europe: the four crises and a call for reform

摘要

In this paper, the authors demonstrate that the current crisis is based upon four different crises with different sources, which must all be solved in different ways. In addition to this, they highlight individual issues within individual European economies and in the current institutional set-up of the European Union. On the basis of this analysis they provide clear suggestions about what needs to be done to recover growth in Europe.