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Remain Calm: Europe Is Still on Track

Kirkegaard, Jacob, (2013), “Remain Calm: Europe Is Still on Track” , The Peterson Institute for International Economics, 17 Απριλίου.

European short-term economic growth prospects remain weak because of rampant fiscal consolidation, private sector deleveraging, and the temporary unsettling effects of structural reforms. But European leaders continue to take important and constructive decisions on bailouts and the banking union, suggesting that recovery will eventually get on track. At least three such decisions occurred at the recent informal meeting of the European Economic and Financial Affairs Council (ECOFIN) on April 12–13.