Economic Crisis in Europe - 9789279153631

Taylor & Francis

Economic Crisis in EuropeCauses, Consequences and Responses\nAuthor(s): Paul van den Noord, Istvn Szkely\nFormat: Hardback\nPublisher: European Commission, Belgium\nImprint: European Commission\nISBN-13: 9789279153631, 978-9279153631\nSynopsis\nThe European economy is emerging from its deepest recession since the 1930s. This volume, which brings together economic analysis from the European Commission services, explains how swift policy response avoided a financial meltdown; but turning the ongoing recovery into sustained growth requires action on five challenges: boosting potential output, enhancing labour market flexibility, preparing fiscal consolidation, facilitating intra-EU adjustment, and unwinding global imbalances. Europe also needs an improved co-ordinated crisis-management framework to help it respond to any similar situations that may arise in the future.\n\nEconomic Crisis in Europe shows that the beginnings of such a crisis-management framework are emerging, building on .