First published: Public Service Europe, 05/09/2011
In the wake of the debt crisis we must rethink our economic system to produce sustainable growth and a viable monetary union in Europe
It has not been a good summer in most of Europe – economically, that is. Against a background of growing concerns about the world economy, preliminary data indicated that growth in the eurozone came to a grinding halt in the second quarter. Economic activity and employment weakened further in July. Europe’s travails echo similar disappointment in the United States, where growth has virtually stopped, but also across the emerging world, where the pace of growth has slowed down significantly…..more
