G8 1

DISCIPLINE ON PUBLIC EXPENDITURES + URGENT FOCUS ON GROWTH.

CAN EUROPE FIND ECONOMIC GROWTH ?

SOME COUNTRIES IN EUROPE ARE DOING BETTER THAN OTHERS. HOWEVER, EACH COUNTRY HAS A DIFFERENT SET OF CIRCUMSTANCES.

HOWEVER, IN ALL CASES, IMBALANCES COULD HAVE HAVE BEEN TACKLED EARLIER.

NOW WHAT’S GOT TO BE DONE IS TWOFOLD :

  1. STILL URGENT REFORM IS REQUIRED IN SOME COUNTRIES AND STILL STRONG DISCIPLINE ON PUBLIC EXPENDITURES IS NEEDED IN LOTS OF THEM.
  2. GROWTH ALSO IS NEEDED : THE G8 NEEDS TO FOCUS ON ECONOMIC STIMULUS TO HELP EUROPE GROW ITS WAY OUT OF THE CURRENT CRISIS.

IN THE SHORT TERM, WHAT ARE THE OPTIONS OPEN TO G8 POLICY MAKERS ? : A NEW MARSHALL PLAN IN EUROPE  !

PHLDUCX

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