Publications

Beyond austerity

26 November 2010
Fabian Zuleeg (Chief Executive and Chief Economist)



This commentary by Fabian Zuleeg takes the crisis in Ireland as its starting point and notes that euro zone troubles are continuing, with Portugal and Spain under fire from the markets. He argues that Europe must move beyond the sole focus on fiscal consolidation and support growth in Europe’s weakest economies. The unwillingness of economically-stronger Member States to invest in the economies of the weaker members is short-sighted, as it will lead to increasing economic divergence in Europe. This will make future crises inevitable and could potentially lead to the disintegration of the euro zone.

Beyond austerity