"Europa 2020", nuovo governo economico e ri-regolamentazione finanziaria: incentivi o vincoli alla crescita?
AbstractDespite the launch of a new strategy for growth in Europe (the Europe 2020 strategy) and the ongoing efforts to design a new international financial architecture, prospects for an economic recovery of Europe remain dim. Public deficits and debts will have to be reduced at a faster pace, with contractionary effects unless a strong recovery of private expenditure will materialize. Financial re-regulation is projected to further depress the economy by imposing higher capital ratios, lower leverage, a late (though welcome) discipline of liquidity. The compound effect of the two policy trends pose a serious threat on the social sustainability of the European social market economy.
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Bibliographic InfoArticle provided by Economia civile in its journal Moneta e Credito.
Volume (Year): 63 (2010)
Issue (Month): 252 ()
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Find related papers by JEL classification:
- H6 - Public Economics - - National Budget, Deficit, and Debt
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- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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