Experts demand much bolder action on EU's growth strategy
Laurent Thomet, m&c.com, 30.01.2012
With its gross domestic product (GDP) expected to stagnate at best in 2012, nobody is disputing that the European Union needs an injection of growth. […]
Another paper from a Brussels-based think-tank, the European Policy Centre (EPC), called for a similar exemption as part of a 'New Deal to help kick-start growth.' […]
The EPC paper - written by a German economist and a Greek one educated in Germany - took up another proposal of the German Council of Economic Experts, the temporary issuance of joint eurozone bonds to pay off debt over 60 per cent of GDP.
Such a provisional form of eurobonds 'would be in line with EU treaties and national constitutional requirements, which prohibit permanent collateralisation of debt,' Fabian Zuleeg and Janis A. Emmanoulidis suggested. […]
Sharing in the gloom, Zuleeg and Emmanoulidis warned against a 'muddle through' - or, as German Chancellor Angela Merkel prefers to call it - 'a step-by-step' approach to the eurozone's debt crisis.
'Without a decisive breakthrough ... the crisis will not just be with us in 2012 but will continue to drag down the EU until a painful but inevitable implosion with incalculable consequences for current and future generations,' the two analysts concluded.
For the original article see here.
Latest media contributions
European Populists Who Looked to Trump Now Look Away
Quotes, The New York Times, 13.01.2021
EPC Update – State of the Union & challenges for 2021
Online Briefing, YouTube, 08.01.2021
Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020
Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 15.12.2020
Jokes About Hungarian ‘Dictator’ Masked Breach at Heart of EU
Quotes, Bloomberg, 10.12.2020
"Gesamtnote 2- oder 3+"
Quotes, tagesschau, 01.12.2020
Europas Erfolge, Europas Enttäuschungen: Das erste Jahr der neuen EU-Spitze
Podcast, hr info, 01.12.2020
Die Zeit kühner Prognosen ist vorüber
Quotes, Die Presse (Austria), 27.11.2020
EPC Annual Conference 2020 – European integration in light of COVID-19: United in adversity or my country first?
Online Conference, YouTube, 13.11.2020
US election: EU pins hopes on Joe Biden victory
Quotes, Deutsche Welle (English), 01.11.2020