Walker, M. (2014) “Europe Is Closely Studying Lessons from Japan – They Fear Euro Zone Is Falling Into Similar Lethargy“, The Wall Street Journal, 29 Ιουνίου.
If Europe is tilting toward becoming the next Japan, does that mean it needs its own version of Abenomics?
Japanese Prime Minister Shinzo Abe’s announcement last week of fresh measures to improve sluggish growth coincides with an intensified debate in Europe about whether the euro zone is sliding into similar long-term lethargy.
The euro zone’s stuttering recovery and rising dependence on spending elsewhere are a worry for global growth. The 18-country currency bloc, with its $13 trillion economy, is too big to be a passenger without weighing others down, too.
Relevant posts:
- P.W. (2014) “The case against maxing out monetary policy“, Free Exchange–Economics, The Economist, 29 June.
- Georgiadou, C. (2014) “Europe’s Japanese Winter: a Brussels View“, Opinion Article, Crisis Observatory, 12 June.
- Fubini, F. (2013) “Europe’s Japan?“, Project Syndicate, 20 September.