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What’s wrong with Europe?

Rota Baldini, I. and Manasse, P., (2013), “What’s wrong with Europe?”, VoxEU, 04 Νοεμβρίου.

Unlike the US, Europe is struggling to recover from the crisis. This is especially the case in certain European countries. This column discusses why the process of convergence in the Eurozone has slowed down. It proposes a way for European institutions to cope with the structural problems – with individual country-level reforms and a federal budget. Otherwise, the alternative could be a disintegration of the Eurozone.

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