Exiting the European crises

In an op-ed published on lemonde.fr on the occasion of the European Council (28-29 June 2012), Laurence Tubiana (IDDRI) and Nick Stern (London School of Economics and Political Science) welcome the agreement reached in the middle of the night on the stimulus plan of 120 billion Euros. This plan is a useful complement to the banking union, whose contours are also becoming clear in the agreement; and to the reduction of public deficits. However, as Laurence Tubiana and Nick Stern underscore, this plan will not be effective unless it poses a credible base for a new development model for Europe, based on the energy and ecological transition. This is the condition for the plan being a useful bridge between the urgent management of the short term and the preparation of the future, thanks to the employment created in the short term and productivity improvements in the long term.
>> Read the op-ed

This op-ed is part of the work of IDDRI on the topic of the European crisis and the possible solutions for resolving it:

• Op-ed on Vox EU which evaluates the role of the price of petrol – and its volatility – in the appearance of the crisis: "Greasing the Wheel: Oil's role in the Global Crisis"
• Op-ed on Project Syndicate’s website, which reviews different options for exiting the crisis in the Eurozone, sbowing why and how investments in the green economy should form part of these options: "Preparing for a Green Exit"
• French-German (Iddri-DIW) study on green investments within the stimulus plan for European growth: "Green investments in a European Growth Package"
• IDDRI’s article which goes into more depth on these questions, insisting on investments in the green economy, able to both support growth and employment and guarantee resilience and energy security in the long-term: "Exiting the crisis in the right direction: A sustainable and shared prosperity plan for Europe"