EU Crisis: cutting down mast to save ship
This week the European Commission has published a new economic forecast for the eurozone countries up to the year 2014. It has once again lowered its expectations for economic growth, saying the euro-zone economy will virtually grind to a halt next year as the debt crisis ravages southern Europe and gnaws at the economic performance of export-driven Germany.
That gives rise to doubts as to whether the counter crisis measures which have been applied and proposed to most of the crisis hit economies, are really providing long-term solutions.
This is something we’re discussing with our guest speakers Simon Tilford, chief economist at the London-based Centre for European reform and Frederik Erixon, Swedish economist and writer and the Director of the European Centre for International Political Economy, a world-economy think tank based in Brussels.