From reform to growth
Subtitle: managing the economic crisis in Europe
By: Vít Novotný, editor
Contributors: Novotný, Vít
Publisher: Eburon; Centre for European Studies
Published: 2013
Place of publication: Delft; Brussels]
Language: eng
Number of pages: 543
ISBN-13: 9789059727519
Subjects: Economic conditions; Global Financial Crisis, 2008-2009; Financial crises; Economic policy
Other titles: Mananging the economic crisis in Europe
Description: The global economic crisis that began in 2007 has posed huge challenges for European citizens and governments. The crisis has shown that the financial sector has not been adequately regulated and supervised, that governments and individuals have overspent, and that European economies are suffering from structural problems. This book, a collaboration between the Centre for European Studies and its member foundations, assesses government responses to the crisis at the national, EU and regional levels, and also offers policy recommendations. Governments should work with one another and with EU institutions to improve bank supervision and regulatory mechanisms. They should undertake fiscal consolidation measures, bearing in mind that government deficits and debt incur costs that burden future generations. Finally, they should undertake structural reforms such as creating flexible labour markets, increasing the retirement age and shaping efficient public institutions.
Notes: Includes bibliographical references and index.