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Chara Georgiadou: Europe’s Japanese Winter: A Brussels view

There is a general sense that the crisis is far from being over yet and that it has three main branches; it is a government debt crisis, a banking crisis and a competitiveness crisis. EU’s current status is metaphorically identified as the beginning of a Japanese winter; A long period of economic stagnation where Europe will have to face an extremely slow economic growth for a whole decade more or less. This is definitely a deeply skeptical prediction for the future of the European project. In this article we present the current trends that are being discussed in the heart of Europe in order to avoid the so-called Japanese winter. Here is an overview of what Brussels considers as options and possibilities to tackle the issue.

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