EXITING THE EU CRISES

Europe is in the midst of a series of interlinked crises. These have their roots in the build up of structural divergences and macroeconomic imbalances between in particular Eurozone states. In order to put the European economy on a more sustainable basis in the longer term, the authors of an article published in IDDRI’s collections suggest possible ways of exiting these crises. Short-term economic stimulus is needed so as to alleviate the social burden of austerity and structural adjustments. But structural reforms need to consider long-term challenges, such as resource management and climate change. In that perspective, the shift towards a green economy, coming along investments in renewable energies, can guarantee growth and employment, and, in fine, sustainable prosperity and resilience. » Read the article

» By two of the article's authors, read the op ed published on VoxEU.org on the role of commodity prices, particularly oil, in fuelling and triggering the subprimes crisis