Will Europe’s Economies Regain Their Footing?
Some commentators have savaged Europe’s policymakers for not orchestrating as aggressive a fiscal and monetary policy as their US counterparts have. But these critics seem to presume that Europe will come out of the crisis in far worse shape than the US, and it is too early to make that judgment.
https://prosyn.org/2rP4Y2g
STOCKHOLM – What will Europe’s growth trajectory look like after the financial crisis? For some Europeans, still nervous that their economies and banking systems might collapse, this is a little like asking a passenger on the Titanic what they plan to do when they arrive in New York. But it is a crucial question to ask, especially when Europe has been facing so much outside pressure from the likes of the United States and the International Monetary Fund to focus on short-term Keynesian stimulus policies.