A Five-Step Plan for European Prosperity
The challenges Europe is facing go well beyond the risk of a Greek exit from the euro. Overcoming the continent's economic stagnation and the fiscal pressures of bloated welfare states will require bold measures to restore growth, opportunity, prosperity, and financial stability.
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WASHINGTON, DC – Though the Greek crisis has been placed on pause, the economic situation in Europe remains bleak. Eurozone growth is up slightly from its near-recession levels of a few months ago, but projections by the International Monetary Fund for 2015 and 2016 barely exceed 1%. Unemployment remains above 11% – and twice that among the young (and doubled again in countries like Greece and Spain).